Capital, placed with discipline.
Since 1981, Commerce Securities Corporation has arranged private placements, real estate syndications and merger advisory for issuers and investors out of Houston, Texas.
01 — The firm
A small Houston
broker-dealer that has
outlasted most of
its contemporaries.
Commerce Securities Corporation was incorporated in Texas in October 1981 and has been registered with the Securities and Exchange Commission since October 1982. Four decades later it is still doing the same narrow set of things, from the same city, under the same leadership.
That continuity is the product. Private capital markets reward relationships that survive cycles, and a firm that has filed continuously since the Reagan administration has seen a few.
Read the firm history1981
Incorporated
Formed in the State of Texas on 5 October 1981.
1982
SEC registered
Registration effective 8 October 1982; FINRA member from 15 November 1982.
5
Lines of business
The five activities the firm is approved to conduct — no more.
2
State registrations
Texas since January 1996 and California since October 2000.
02 — What we do
Five lines of
business. Listed
on our licence.
Broker-dealers declare the activities they intend to conduct, and regulators hold them to that list. Ours is deliberately short — these are the five, exactly as filed.
01
Private placements
of securities
We arrange and place unregistered offerings for issuers raising capital outside the public markets — typically Regulation D transactions sold to accredited investors. Structure, documentation and investor suitability are handled in-house.
02
Real estate
syndication
Assembling investor groups around individual real property assets and partnerships. Houston has been through more real estate cycles than almost any market in the country; the firm has worked through several of them.
03
Limited partnerships
& primary distributions
Selling limited partnership interests and comparable programs in primary distribution. A legacy discipline for the firm and one that still calls for careful suitability work rather than volume.
04
Trading securities
for our own account
The firm trades on a proprietary basis. It is a distinct activity from client work, conducted with firm capital, and it is disclosed as such on the firm's registration.
05
Merger & acquisition
consulting
Advisory work for privately held companies considering a sale, a purchase or a recapitalisation — valuation perspective, counterparty identification and transaction support through closing.
03 — How we're built
We don't hold your
money. We never have.
That is on purpose.
Commerce Securities Corporation does not hold or maintain customer funds or securities and provides no clearing services for other broker-dealers. It has no third-party recordkeeping arrangements and no affiliations with banks or investment institutions.
For a firm doing private-market work, that structure removes an entire category of conflict and counterparty risk before it can arise. Every dollar in a transaction moves between the investor and the issuer — never through us.
No customer custody
No clearing for other BDs
No institutional affiliates
No introducing arrangements
Houston
710 N. Post Oak Road, Suite 400
04 — Working with us
A short list of
people, reachable
by telephone.
A small team, one office. The number at the bottom of this page reaches the firm directly — there is no call tree and no relationship-management layer between an enquiry and the people who evaluate it.
Most conversations start the same way: tell us what you are trying to finance or sell, and we will tell you plainly whether it is something this firm should be involved in. Frequently it is not, and saying so early is the useful part.
Enquiries
Regulator
FINRA Dallas District
Verify us
FINRA BrokerCheck
The complete firm record — registrations, business lines, ownership and every disclosure event — is public and free to search.
CRD 10806Federal
SEC registration
Registered as a broker-dealer under file number 8-28228, effective 8 October 1982 and continuously in force since.
SEC BD listState
Texas & California
Approved by the Texas State Securities Board since January 1996 and by California since October 2000.
Read our disclosures