SEPTEMBER 13, 2006 - Posted at 7:45 a.m. CDT
LITTLE ROCK, AR - Little Rock investment house Stephens Incorporated has won the approval of regulators for Warren Stephens to own 100 percent of the 73-year-old company. Stephens, as chairman and chief executive, will control and run the investment house started by his uncle who was later joined by Warren Stephens' father Jack Stephens.
Meanwhile, Stephens Group Incorporated holding company was purchased by Warren Stephens' cousins, Witt Stephens, Jr. and Elizabeth Stephens Campbell.
Warren Stephens says the investment house won't change dramatically.