Spencer Edwards, Inc. (”Spencer Edwards”) is a Denver, Colorado based FINRA Member Retail Broker-Dealer/Investment Banker and NASDAQ Exchange Member Market Maker acting as a boutique investment banking firm specializing in small cap equities. Spencer Edwards makes markets in approximately 75 stocks, provides traditional retail brokerage and acts as underwriter and syndicate member in public offerings of equities and private placements of debt and equities. The firm was established to facilitate its clients’ retail investments in small cap public companies with substantial growth potential, emerging market segments, industries that are undergoing dramatic change, or other entities with exceptional potential. Another important function is the facilitation of liquidity for our retail clients’ small cap portfolios in small cap equities through efficient market making. Spencer Edwards also provides market making functions, capital acquisition and corporate advisory services for small and mid-cap public companies. Spencer Edwards is also qualified to provide merger and acquisition services, sponsor 15(c)2-11 applications for qualified entities, and offer corporate advisory, valuation, and fairness opinions.

Spencer Edwards is a fully disclosed correspondent broker-dealer clearing its customers’ transactions through Sterne Agee & Leach, Inc. (SALI).