Another Brokerage Casualty: CapStone Investments


CapStone Investments Inc., a San Diego-based stock-research boutique, shut its doors in mid-January after merger talks with Ascendiant Capital Markets LLC collapsed, according to an article in the San Diego Daily Transcript.

The firm halted operations after the Financial Industry Regulatory Authority said it didn’t have enough capital.  CapStone, which employed about 35 people, was founded in 1995 by Anthony Capozza and his son Steven Capozza.

The last time we reviewed CapStone, they had 14 equity analysts covering technology, healthcare, consumer, energy and materials.

Other brokerages that buy and sell stocks and provide advice to institutional investors have been closing as trading on U.S. markets slows and computerized execution drives down commissions. ThinkEquity LLC, Rodman & Renshaw LLC and WJB Capital Group Inc. were among those to shut last year.


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