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Southern Trust Securities Holding Corp (PK:SOHL)

Business Focus: Brokerage Services

Sector:  Financials Industry:  Investment Banking & Brokerage Services
 
See Regulatory Filings on SEC
Company Contact
Address: 6800 SW 40th Street, #178
MIAMI FL 33155
Tel: N/A
Website: https://www.stshc.com?password-protected=login&redirect_to=https%3A%2F%2Fwww.stshc.com%2F
IR: See website
Key People
Robert Escobio
Chairman of the Board, Chief Executive Officer
Kevin P. Fitzgerald
President
Susan Escobio
Compliance Officer, Treasurer, Director
Business Overview
Southern Trust Securities Holding Corp. is a holding company for Southern Trust Securities, Inc., a registered broker-dealer and investment banking firm. Through the Company's subsidiary, Southern Trust Securities Asset Management, Inc. (STSAM), an investment advisor registered with the State of Florida it also provides asset management services. As a broker-dealer and investment adviser, the Company offers its clients: access to all major domestic and international securities and options exchanges; trading in fixed income products, corporate, government, agencies, municipals, and emerging market debt; fixed and variable annuities and life insurance; hundreds of domestic and international mutual funds; management of individual retirement plans, retirement accounts; portfolio management for individuals, pension funds, retirement plans, foundations, trusts and corporations, and corporate services facilitating restricted stock dispositions and stock option exercises.
Financial Overview
For the nine months ended 30 September 2013, Southern Trust Securities Holding Corp revenues decreased 34% to $1.5M. Net loss applicable to common stockholders totaled $1M vs. income of $450K. Revenues reflect Trading income decrease of 54% to $631K, Commissions decrease of 33% to $395K, Other income decrease of 43% to $112K. Net loss reflects Equity in loss of NEXO Emprendimientos S decrease from $211K (income) to $0K.