Aubrey G. Lanston & Co.
|Aubrey G. Lanston & Co.|
|Key People||Aubrey G. Lanston|
|Products||U.S. Treasuries Dealer|
Aubrey G. Lanston & Co. is a research and brokerage firm founded in 1949 by the former assistant to the Secretary of the Treasury, Aubrey G. Lanston. Its specialties focus on U.S. government securities issued by the Federal Reserve. In 1957, Lanston was chosen as a primary dealer for Treasury securities by the Federal Reserve. at its inception the firm was an underwriter and market maker for treasury auctions. Lanston & Co. also has a subsidiary, Lanston Futures, a futures broker focusing on clearing for institutional traders seeking confidential execution. 
In 1986, the firm was bought out by the Industrial Bank of Japan (IBJ) in an effort to create two-way market access for its customers. Despite the buyout, Lanston& CO. has maintained its independence from the Bank and has since gained market access in Japan and England.
The firm kept a solid reputation in the financial world until February 2000, when bond traders from Lanston, along with a trader from Warburg Dillon Read, were investigated by the SEC for participating in an illegal short squeeze. A Warburg trader was fired as a result.
- Aubrey G. Lanston, Founder