1029730--3/31/2006--LADENBURG_THALMANN_FINANCIAL_SERVICES

related topics

{personnel, key, retain}

{loss, insurance, financial}

{financial, litigation, operation}

{stock, price, share}

{condition, economic, financial}

{loan, real, estate}

{debt, indebtedness, cash}

{system, service, information}

{stock, price, operating}

{customer, product, revenue}

{control, financial, internal}

{competitive, industry, competition}

{regulation, government, change}

{acquisition, growth, future}

{product, market, service}

We have incurred, and may continue to incur, significant operating losses. If we are unable to repay our outstanding indebtedness obligations when due, our operations may be materially adversely affected. We are currently subject to extensive securities regulation and the failure to comply with these regulations could subject us to penalties or sanctions. We may incur significant losses from trading and investment activities due to market fluctuations and volatility. We may need to raise additional funds in the near future. We may be prohibited from underwriting securities due to capital limits. Our expenses may increase due to unresolved real estate commitments. Our business could be adversely affected by a downturn in the financial markets. Our revenues may decline in adverse market or economic conditions. We depend on our senior employees and the loss of their services could harm our business. We face significant competition for professional employees. Our principal shareholders including our directors and officers control a large percentage of our shares of common stock and can significantly influence our corporate actions. The American Stock Exchange may delist our common stock from quotation on its exchange. We may lose customers and our revenues may decline due to our lack of online trading service capability. We rely on one primary clearing broker and the termination of the agreement with this clearing broker could disrupt our business. Our clearing broker extends credit to our clients and we are liable if the clients do not pay. We are subject to various risks associated with the securities industry. Our risk management policies and procedures may leave us exposed to unidentified risks or an unanticipated level of risk. Credit risk exposes us to losses caused by financial or other problems experienced by third parties. Intense competition from existing and new entities may adversely affect our revenues and profitability. The precautions we take to prevent and detect employee misconduct may not be effective and we could be exposed to unknown and unmanaged risks or losses. Failure to comply with net capital requirements could subject us to suspension or revocation by the SEC or suspension or expulsion by the NASD and the NYSE. Risk of losses associated with securities laws violations and litigation.

Full 10-K form ▸

1029730--3/31/2006--LADENBURG_THALMANN_FINANCIAL_SERVICES_INC