Mercurity Fintech (MFH) said Friday its Chaince Securities unit has obtained approval from the Financial Industry Regulatory Authority for the change in ownership of licensed broker-dealer J.V. Delaney & Associates.
The approval will allow Chaince to complete its acquisition of 100% ownership of J.V. Delaney, Mercurity said, adding it is related only to the change in ownership and is contingent on specific operational parameters and regulatory requirements.
Mercurity's shares were up more than 11% in recent trading.
Price: 4.58, Change: +0.48, Percent Change: +11.71
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