Moors & Cabot was founded in 1890 to handle the personal investments of the two founders and their friends. Over the last century, the firm has grown to serve thousands of investors, with branch offices around the country. The company still operating from its original headquarters in Boston’s financial district. Moors & Cabot is the oldest independent member of the Boston Stock Exchange and one of the nation’s oldest independent members of the New York Stock Exchange. Since its inception, the firm has participated in the retail sale of stocks and bonds to individuals and the institutional sale of stocks and bonds to most of Boston’s money management firms. In addition to offering its equity and fixed-income research through full-service registered representatives, Moors & Cabot offers investors additional investment tools such as cash management accounts, retirement planning, mutual funds, annuities and professional money management services.
Moors & Cabot Ordered to Pay Customer $120,000
A New York Stock Exchange arbitration panel ordered Moors & Cabot to pay an investor $120,000 to compensate her for damages that she suffered as a result of Moors & Cabot’s and its broker’s improper conduct. The investor accused Moors & Cabot and its broker of, among other things, Customer claimant alleges breach of fiduciary duty, unsuitable investments and failure to diversify in connection with equity and annuity transactions.
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