Investing: NativeOne represents tribal interests on Wall Street
Posted: Thursday, August 18, 2011
"Although casinos and other businesses have helped Native American tribes amass an estimated $50 billion in capital, some tribal leaders feel they're still being ignored by Wall Street.
The answer: NativeOne Institutional Trading LLC, a brokerage which was founded last year by Donald Lyons, a member of the Morongo band of Mission Indians in Banning, Calif.
The tribe operates a successful casino and resort near Palm Springs, Calif. NativeOne will represent American Indian financial interests on Wall Street, the company's co-founder said in an interview. It is the first Native American-owned broker-dealer to be registered with the New York Stock Exchange."
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