Chicago-Based, $1.2 Billion Team Will Use PKS Investments as its Friendly Broker-DealerNEW YORK, Dec. 03, 2025 (GLOBE NEWSWIRE) -- BINAH Capital Group, Inc. (“BINAH” or the “Company”) (NASDAQ: BCG; BCGWW), a leading financial-services enterprise supporting independent advisors through its affiliated broker-dealers, today announced that a former Commonwealth Financial Network advisory group, recently acquired by Merit Financial Advisors (Merit), will utilize PKS Investments, a BINAH company, as its broker-de ...

Core Insights - Morning Star identifies three undervalued stocks to invest in after earnings: Fortinet, LPL Financial, and Danaher [1][2] Group 1: Fortinet - Fortinet is a midsize cybersecurity vendor with a wide economic moat due to high customer switching costs and a network effect from its platform approach [3] - Revenue is forecasted to grow at a 14% annual compound growth rate over the next 5 years [3] - The stock is considered cheap, trading well below Morning Star's fair value estimate of $18 [4] Group 2: LPL Financial - LPL Financial is the largest independent broker-dealer in the US, rated with a wide economic moat due to switching costs and cost advantages over smaller competitors [5] - The recent acquisition of Commonwealth Financial Network is expected to enhance LPL's ability to attract breakaway wirehouse advisors [5] - Revenue is projected to grow at a 12.9% annual rate over the next 10 years, with the stock undervalued compared to Morning Star's $54 fair value estimate [6] Group 3: Danaher - Danaher is a large-cap global life sciences and diagnostics company with a wide economic moat derived from intangible assets and switching costs [6] - The company has become a top five player in the life sciences and diagnostic tool markets through acquisitions [7] - Although profit growth has been strained this year, it is expected to accelerate in 2026, with organic revenue projected to rise 6% compounded annually through 2029 [7] - Morning Star values Danaher stock at $270, with shares trading well below this estimate [8]

Group 1: Fund Performance - Baron FinTech Fund experienced a decline of 4.29% in Q3 2025, compared to a 1.90% decline for the FactSet Global FinTech Index [1] - Since inception, the fund has achieved an annualized return of 11.10%, outperforming the benchmark's 4.00% return [1] - Market strength in the quarter was driven by the resumption of Federal Reserve rate cuts and optimism surrounding AI [1] Group 2: LPL Financial Holdings Inc. Overview - LPL Financial Holdings Inc. (NASDAQ:LPLA) reported a one-month return of 9.05% and a 52-week gain of 17.73% [2] - As of November 14, 2025, LPL Financial's stock closed at $370.59 per share, with a market capitalization of $29.809 billion [2] Group 3: LPL Financial Holdings Inc. Analysis - Weakness in Tech-Enabled Financials was attributed to declines in insurance holdings, with LPL Financial being a significant contributor to relative losses in this category [3] - Expectations for faster interest rate cuts negatively impacted LPL's stock, as lower rates reduce interest income on client cash [3] - LPL is currently integrating a sizable acquisition of Commonwealth Financial Network, which is expected to drive growth over time but offers limited near-term earnings upside [3] Group 4: Hedge Fund Interest - LPL Financial Holdings Inc. was held by 61 hedge fund portfolios at the end of Q2 2025, a slight decrease from 63 in the previous quarter [4] - While LPL is recognized for its investment potential, certain AI stocks are viewed as having greater upside potential and lower downside risk [4]

Core Insights - SKK Holdings Limited has appointed Chaince Securities LLC as its strategic advisor to develop a comprehensive tokenization and digital asset treasury strategy [1][2] - The collaboration aims to integrate digital asset capabilities into SKK's business model, enhancing capital efficiency and investor engagement [2][4] - SKK's CEO expressed confidence that this strategy will accelerate growth and add value for shareholders [3] Company Overview - SKK Holdings Limited is a civil engineering service provider based in Singapore, specializing in subsurface utility works [1][6] - The company has over 10 years of experience in various public utility projects, including power and telecommunication cable laying, water pipeline works, and sewer rehabilitation [6] Strategic Partnership - Chaince Securities will advise SKK on structuring its digital asset treasury, capital market strategy, and exploring staking and validator node opportunities [2][4] - This partnership reflects Chaince's expertise in bridging traditional finance with the digital asset economy [5][7]

Core Insights - Chaince Securities has been engaged as a strategic advisor by SKK Holdings to enhance its digital asset capabilities and integrate them into its corporate strategy [1][2][4] Company Overview - Chaince Securities, a FINRA-registered broker-dealer, specializes in equity capital markets, investment banking, and innovative financial solutions, with a focus on supporting the transition to digital finance [5] - SKK Holdings, listed on Nasdaq, is a civil engineering services provider based in Singapore, focusing on subsurface utility works and infrastructure projects [6] Strategic Engagement - The advisory engagement will cover areas such as digital asset treasury structuring, capital markets strategy, staking and validator node opportunities, and strategic partnership development within the blockchain and Web3 ecosystem [2][3] - The collaboration aims to modernize SKK Holdings' balance sheet, improve liquidity management, and explore asset tokenization as a core strategic pillar [3] Industry Impact - The partnership reflects a broader trend of integrating digital asset capabilities into traditional corporate strategies, highlighting the evolving landscape of capital markets [4][3]

Core Insights - Ironlight Markets has received regulatory approval to operate an alternative trading system (ATS) for both traditional and tokenized securities, including real-world assets (RWA) [1] - The approval positions Ironlight as one of the few U.S.-regulated platforms authorized to trade digital asset securities and the only one capable of atomic onchain settlement, allowing for instant trade clearing and settlement [1] Group 1 - The CEO of Ironlight Group, Robert McGrath, emphasized the significance of this approval in establishing an open-access, institutional-grade marketplace for tokenized assets [2] - Ironlight's ATS features a centralized order book combined with atomic onchain settlement, facilitating real-time trading and clearing [2] Group 2 - The system enables banks, brokers, and registered investment advisers to connect through FIX or API interfaces, enhancing blockchain efficiency in regulated markets [3] - With the approval in place, Ironlight plans to launch the platform targeting institutional participants in private credit, venture capital, and alternative investments [3] - The company aims to broaden access, collaborate with regulated custodians, and promote the adoption of tokenized infrastructure in global finance [3]

Core Viewpoint - AtlasClear Holdings, Inc. announced significant financial improvements for its subsidiary Wilson-Davis & Co, Inc. (WDCO), including revenue, net income, and net capital growth, alongside the execution of a new contract with Dawson James Securities as a correspondent clearing client [1]. Financial Performance - Wilson-Davis reported audited financials that indicate material improvements in revenue, net income, and net capital [1]. New Business Development - The company has secured a new introducing broker-dealer, Dawson James Securities, which has signed a contract to become a correspondent clearing client [1].

Core Viewpoint - A federal securities fraud class action against Virtu Financial Inc. has survived a motion to dismiss, and a tentative settlement has been reached with the SEC regarding allegations of inadequate disclosures to investors [1][5]. Group 1: Allegations and Legal Proceedings - The class action complaint alleges that Virtu Financial Inc. and its officers made false or misleading statements and failed to disclose deficiencies in their information access policies, overstating operational and technological efficacy [3]. - The court found that from January 2018 to April 2019, proprietary traders at Virtu could access material non-public information using widely known credentials, indicating potential reckless disregard for investor information [4]. - The court concluded that the inference of scienter, or knowledge of misleading statements, was compelling based on circumstantial evidence of the defendants' failure to inform investors about the FS Database issue [4]. Group 2: Settlement and Shareholder Actions - On July 1, 2025, the SEC and Virtu Financial Inc. announced a tentative deal to resolve the lawsuit concerning inadequate customer data protection, with settlement terms acceptable to both parties [5]. - Current shareholders who held Virtu stock since on or before November 7, 2018, can seek corporate reforms and the return of litigation defense funds at no cost [2][5].