COR Securities Holdings, part of a Santa Monica, Calif.-based private equity firm, has bought Legent Clearing, a settlement and clearing firm in Omaha, Neb.

The deal boosts Legent’s equity capitalization by $20 million, initially, the company announced. The firm, which has a network of about 75 broker-dealer correspondents, expects to improve and expand its product and service offerings to those clients, Legent’s CEO Christopher Frankel said in a statement.

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