Cantor Fitzgerald added BofA Securities as a clearing and execution provider, Alpaca Securities dropped Velox Clearing, two advisory firms graduated from SEC registration while two failed the 120-day process, and Bosonic Securities onboarded OpenYield Trading across nine total events on a quiet Sunday.

Cantor Fitzgerald Adds BofA Securities Clearing

Cantor Fitzgerald & Co. added BofA Securities, Inc. as a clearing and execution vendor — a significant relationship between two of Wall Street's most prominent broker-dealers. Cantor Fitzgerald, known for its fixed income, equity, and investment banking operations, is adding Bank of America's securities subsidiary as a clearing counterparty. The addition of a major bank clearing relationship expands Cantor's execution and settlement infrastructure.

Alpaca Securities Drops Velox Clearing

Alpaca Securities LLC removed Velox Clearing LLC as its clearing and execution provider. Alpaca Securities is the broker-dealer behind the Alpaca trading API platform — a fintech company that provides brokerage infrastructure to apps and services. The removal of a clearing relationship is one of the most consequential vendor changes a broker-dealer can make, and typically means the firm has transitioned to a different clearing arrangement.

Bosonic Securities Adds OpenYield Trading

Bosonic Securities added OpenYield Trading LLC as a vendor — a pairing of two newer-generation financial technology firms. Bosonic operates digital asset trading infrastructure, while OpenYield focuses on fixed-income trading technology. The vendor relationship between these two fintech firms signals growing interconnection in the alternative trading ecosystem.

Two Graduations, Two Failures

Two advisory firms completed the SEC's 120-day registration process: Clear Wave Wealth Management in Red Bank, New Jersey, was approved in 73 days with licenses in California, Florida, and Massachusetts, and Highbrook Capital Partners in Atlanta was approved in 53 days with licenses in Alabama, Florida, and Georgia. Both firms secured multi-state registrations, positioning them for client acquisition across their respective regions.

Two firms failed the 120-day process: ThirtyOne Wealth in Pensacola failed after just 20 days — having already deregistered on January 17, making it one of the fastest registration-to-failure sequences in recent history. Driftmark Capital in Austin failed after 69 days, suggesting the firm was unable to meet the SEC's registration requirements within the allotted timeframe.

Weekend Wind-Down

January 25 recorded nine events — all vendor changes and advisory channel graduation processing — consistent with typical Sunday activity patterns. The weekend processing brings January's running total above 1,400 events as the month enters its final week, with the busiest days still ahead based on the filing calendar.

All data sourced from FINRA BrokerCheck, SEC EDGAR, and the Finleet Terminal as of January 25, 2026. Entity profiles are available at terminal.finleet.com.