DuPont Walston, Inc. was a former U.S.

brokerage A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confu ...

and

investment banking Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated wit ...

firm. At its peak in the early 1970s, DuPont Walston was the second largest brokerage firm in the U.S. However, the firm collapsed following a series of

mergers Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect ...

and closed in 1974. DuPont Walston was formed from the 1973 merger of F. I. DuPont, Glore Forgan & Co. and Walston & Co. The latter, Wall Street's third largest brokerage house, was acquired by

Ross Perot Henry Ross Perot (; June 27, 1930 – July 9, 2019) was an American business magnate, billionaire, politician and philanthropist. He was the founder and chief executive officer of Electronic Data Systems and Perot Systems. He ran an inde ...

following pension account fraud, who then merged it with Dupont, which had found itself in financial difficulties. Just a few years earlier, F.I. Dupont had been created through the 1970 combination of Francis I. duPont Co. and Glore Forgan Staats, Inc., which itself was formed through the combination of Glore, Forgan Co. and Wm. R. Staats Co. in 1964.

References

Defunct financial services companies of the United States Brokerage firms Companies disestablished in 1974 {{US-finance-company-stub