Deals
Best Facebook Analyst Jobless as Kazakhstan Culls Brokerages
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Five months after Forbes magazine crowned Erlan Abdikarimov the best Facebook Inc. analyst, the 24-year-old Kazakh is out of a job as new rules in the Central Asian country force boutique investment banks like his to close.
IFG Continent was driven out of business last year for being unable to meet capital and trading-volume requirements that came into force Jan. 1. It was among the seven brokerages to shut in 2012, more than in the previous two years combined, central bank data show.