Join Our Team
ArcStone is built for professionals who take ownership, lead with integrity, and operate with disciplined execution. We work in a senior-led, compliance-forward environment where complex mandates, cross-border markets, and client accountability define the standard.
Roles involving securities activities are conducted through ArcStone Securities LLC, member FINRA/SIPC, CRD #306029. Certain non-regulated roles may be conducted through affiliated entities within the ArcStone group. All postings identify the relevant hiring entity. Registration requirements, background checks, and internal approvals apply to all positions.
Equity Research Analyst - Diversified Industries and Special Situations
Hiring Entity
ArcStone Securities LLC -- Member FINRA/SIPC, CRD #306029, a registered broker-dealer. This is a regulated securities role. Registration requirements apply.
Location
Toronto, ON | New York, NY | Miami, FL | In-Office, Hybrid, or Remote (as approved)
Role Overview
ArcStone Securities LLC is seeking an Equity Research Analyst to support institutional-grade financial analysis on public companies across diversified sectors, with an emphasis on special situations. This role supports the firm's research function within the regulated broker-dealer environment and is subject to FINRA Rule 2241 and the firm's research policies and supervisory procedures.
The role involves rigorous financial work, disciplined process, and clear written output produced in accordance with applicable compliance standards. The Equity Research Analyst will work under the supervision of a designated Research Principal and in coordination with the firm's compliance department.
Core Responsibilities
Financial Analysis and Modeling
• Build financial models and valuation analysis, including operating models, scenario and sensitivity analysis, and comparable company analyses.
• Prepare research-related materials, including financial analysis templates, company updates, earnings commentary, and thematic content, in accordance with approved formats and applicable FINRA Rule 2241 requirements.
• Monitor company disclosures, regulatory filings, news flow, and industry developments relevant to covered sectors.
Client and Issuer Engagement Support
• Support management engagement activities, including preparation of due diligence questions, meeting agendas, and meeting summaries.
• Coordinate with sales, trading, and corporate access functions to support client servicing, subject to applicable information barrier policies and supervisory controls.
Research Process and Administration
• Maintain research calendar, model version control, and supporting workpapers in accordance with firm record retention policies.
• Manage research-related documentation in approved systems to support supervisory review and compliance recordkeeping under SEC Rule 17a-4 and FINRA Rule 4511.
Compliance and Regulatory Responsibilities
This role involves the preparation of communications and materials that may constitute research or other communications with the public within the meaning of FINRA Rule 2241 and FINRA Rule 2210. The following compliance responsibilities are mandatory:
• Follow all firm policies governing research communications, content standards, required disclosures, and conflicts of interest applicable to research analysts under FINRA Rule 2241.
• Ensure all research outputs and distribution materials include required legends, disclosures, and conflict statements before distribution, and distribute only through approved channels following designated principal review and approval.
• Escalate to Compliance any potential conflicts of interest, interactions with covered issuers that could compromise research independence, receipt of material non-public information (MNPI), or other matters with regulatory implications, prior to publication or further action.
• Adhere to personal securities trading restrictions applicable to research analysts under firm policy and FINRA Rule 2241(b).
• Maintain complete books and records of drafts, revisions, supervisory approvals, and published research materials in accordance with firm retention policies and applicable SEC and FINRA recordkeeping requirements.
• Do not characterize analytical content as investment advice or a recommendation to retail investors unless the content has been reviewed and approved under the applicable supervisory framework and includes all required disclosures.
Qualifications
• Undergraduate degree in finance, economics, accounting, or a related field; CFA designation or CFA candidacy preferred.
• Prior experience in equity research, investment banking, or financial analysis in a regulated environment.
• Strong financial modeling skills and command of public company disclosure and filings (SEC EDGAR, SEDAR+).
• Excellent written communication skills with demonstrated ability to produce clear, disciplined analytical output.
• Familiarity with FINRA Rule 2241, research analyst obligations, and research conflict of interest requirements preferred.
• Series 7 and Series 63 (or equivalent) registration required or willingness to obtain required registrations as a condition of employment, subject to firm approval and FINRA qualification examination requirements.
HIRING ENTITY AND REGISTRATION NOTICE
This role is a position with ArcStone Securities LLC, member FINRA/SIPC, CRD #306029. The role involves the preparation and distribution of research and analytical materials subject to FINRA Rule 2241 (Research Analysts and Research Reports) and FINRA Rule 2210 (Communications with the Public). All research output is subject to designated principal review and approval prior to distribution.
All roles involving securities activities are subject to applicable FINRA and SEC registration requirements. Candidates will be required to obtain and maintain all necessary licenses as a condition of employment or engagement. ArcStone Securities LLC, member FINRA/SIPC, CRD #306029, may only conduct business in states where it is properly registered or licensed.
EQUAL OPPORTUNITY
ArcStone Securities LLC and ArcStone Securities and Investments Corp. are equal opportunity employers and do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, genetic information, marital status, sexual orientation, gender identity, or any other characteristic protected by applicable law. All hiring, role placement, and engagement decisions are subject to applicable registration requirements, background checks, and internal supervisory approvals.
COMPENSATION NOTICE
Compensation for this role may include base salary, variable compensation, and/or commission arrangements, as applicable to the nature of the engagement and applicable regulatory requirements. No specific income, revenue, or compensation outcome is implied or guaranteed by this posting. Compensation structures for roles involving securities activities are subject to applicable FINRA rules governing compensation arrangements.
Open Roles
Managing Director - Diversified Industries and Mid Cap Equity Capital Markets NYSE and NASDAQ Issuers
Hiring Entity
ArcStone Securities LLC -- Member FINRA/SIPC, CRD #306029, a registered broker-dealer. This is a regulated securities role. FINRA registration requirements apply.
Location
Toronto, ON | New York, NY | Miami, FL | In-Office, Hybrid, or Remote (as approved)
Role Overview
ArcStone Securities LLC is seeking a Managing Director to lead client coverage and transaction execution for mid-cap public companies (generally $100 million to $1 billion market capitalization) listed on NYSE and NASDAQ. The Managing Director will originate and support equity capital markets transactions, including PIPEs, registered direct offerings, and follow-on offerings, as well as related strategic advisory mandates.
All origination, transaction activity, and investor communications are subject to applicable FINRA and SEC registration requirements, firm supervisory procedures, and internal compliance approvals. The Managing Director will operate in a senior-led, compliance-forward environment with accountability for client relationships, transaction quality, and regulatory integrity.
Core Responsibilities
Client Coverage and Origination
• Develop and manage senior relationships with CEOs, CFOs, boards, and key shareholders of NYSE and NASDAQ-listed issuers across diversified sectors.
• Maintain ongoing dialogue with issuer clients regarding capital structure, investor positioning, and financing alternatives, using compliant, balanced, and non-promissory communications.
• Identify and pursue capital markets and advisory mandates consistent with firm strategy, client suitability, and applicable regulatory requirements.
• Represent the firm at management meetings, investor conferences, and corporate access events, in accordance with applicable firm policies and FINRA rules governing issuer communications and corporate access.
Transaction Execution
• Lead execution across PIPEs, registered direct offerings, and follow-on offerings, including transaction structuring, investor targeting, and process management, subject to applicable registration requirements and supervisory approvals.
• Coordinate internal and external work streams, including legal counsel, due diligence, transaction documentation, timetables, and syndicate communications.
• Oversee preparation and review of marketing materials, including investor presentations and permitted transaction communications, in accordance with FINRA Rule 2210 (Communications with the Public) and applicable firm advertising and communications policies.
• Manage syndicate and distribution strategy with internal sales partners and approved third-party participants, as applicable, subject to role clarity, engagement terms, and information barrier requirements.
Investor Relations and Distribution
• Direct investor targeting across institutional accounts, family offices, and registered investment adviser networks, subject to applicable solicitation rules, investor qualification requirements, and general solicitation restrictions under applicable exemptions.
• Coordinate investor meetings, roadshows, and corporate access activities through a controlled, documented process, consistent with firm policies and applicable FINRA and SEC rules.
• Maintain accurate and timely feedback and reporting to issuer clients using compliant, balanced, and non-misleading language with appropriate disclaimers.
Team and Firm Contribution
• Contribute to coverage strategy, sector planning, and mandate prioritization in coordination with senior management.
• Mentor junior bankers and execution team members on process standards, compliance expectations, and professional development.
• Partner with Compliance, Legal, and Operations to maintain strong supervisory controls and a high-integrity, regulatory-ready culture.
FINRA and Compliance Responsibilities
All activities are subject to the rules of FINRA, the SEC, and applicable securities laws. The following responsibilities are mandatory and non-negotiable:
• Ensure all external communications and marketing materials are fair, balanced, and not misleading, and are reviewed, approved, and retained in accordance with FINRA Rule 2210 and firm communications policies before distribution.
• Avoid promissory, outcome-guaranteeing, or misleading language in investor communications, issuer materials, or marketing content, including any representations implying guaranteed financing outcomes, pricing certainty, or post-transaction market performance.
• Confirm that investor outreach and solicitation activity is conducted under applicable exemptions from registration (e.g., Regulation D) and does not constitute impermissible general solicitation unless expressly authorized and documented.
• Escalate conflicts of interest, compensation arrangements, issuer relationships, and potential market integrity concerns to Compliance promptly and prior to taking any action.
• Adhere to information barrier requirements, including MNPI controls, policies governing interactions between investment banking, research, sales, and trading, and procedures for crossing information barriers when required.
• Maintain accurate, complete, and timely books and records, including client communications, meeting notes, approved marketing materials, distribution lists, and transaction approvals, as required by SEC Rules 17a-3/17a-4 and FINRA Rule 4511.
• Comply with personal trading policies, outside business activities (OBA) reporting requirements, gifts and entertainment limits, and political contribution rules (pay-to-play) as applicable under FINRA rules and firm policies.
• Ensure all materials referencing affiliated ArcStone entities clearly distinguish regulated broker-dealer activities conducted through ArcStone Securities LLC from non-broker-dealer consulting, advisory, or communications services provided by other ArcStone group entities.
Qualifications
• 10 or more years of investment banking or equity capital markets experience, with demonstrated leadership in NYSE and NASDAQ issuer coverage.
• Demonstrated track record of originating and executing PIPEs, registered direct offerings, follow-on offerings, and related equity transactions in a regulated broker-dealer environment.
• Strong established relationships with institutional investors and credibility with mid-cap management teams.
• Excellent judgment, disciplined documentation habits, and demonstrated comfort operating in a compliance-forward culture.
• Active Series 7, Series 63, and Series 79 registrations required, or willingness to obtain required registrations as a condition of employment, subject to firm approval and FINRA qualification examination requirements.
• FINRA U4 in good standing required; no material disciplinary history.
HIRING ENTITY AND REGISTRATION NOTICE
This role is a position with ArcStone Securities LLC, member FINRA/SIPC, CRD #306029. All origination, transaction, and investor communication activities are subject to FINRA and SEC registration requirements, applicable supervisory procedures, and internal compliance approvals. Role placement, compensation, and title are subject to applicable regulatory requirements, background checks, and internal approvals.
All roles involving securities activities are subject to applicable FINRA and SEC registration requirements. Candidates will be required to obtain and maintain all necessary licenses as a condition of employment or engagement. ArcStone Securities LLC, member FINRA/SIPC, CRD #306029, may only conduct business in states where it is properly registered or licensed.
EQUAL OPPORTUNITY
ArcStone Securities LLC and ArcStone Securities and Investments Corp. are equal opportunity employers and do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, genetic information, marital status, sexual orientation, gender identity, or any other characteristic protected by applicable law. All hiring, role placement, and engagement decisions are subject to applicable registration requirements, background checks, and internal supervisory approvals.
COMPENSATION NOTICE
Compensation for this role may include base salary, variable compensation, and/or commission arrangements, as applicable to the nature of the engagement and applicable regulatory requirements. No specific income, revenue, or compensation outcome is implied or guaranteed by this posting. Compensation structures for roles involving securities activities are subject to applicable FINRA rules governing compensation arrangements.
Managing Director – Mining
Hiring Entity
ArcStone Securities LLC -- Member FINRA/SIPC, CRD #306029 (regulated U.S. broker-dealer activities) and ArcStone Kingswood, a division of Kingswood US (for applicable distribution and wealth channel activities). This is a regulated securities role. FINRA registration requirements apply. Candidates should confirm with the firm which entity will govern their specific engagement.
Location
Toronto, ON | Vaughan, ON | New York, NY | Miami, FL | Austin, TX | In-Office, Hybrid, or Remote (as approved)
Role Overview
ArcStone is seeking a Managing Director to lead client coverage and transaction execution within its Mining vertical, operating through ArcStone Securities LLC and/or ArcStone Kingswood (a division of Kingswood US). This is a senior, relationship-driven execution role with accountability for compliant origination, mandate development, and transaction delivery across the mining and resource sectors.
ArcStone's mining practice -- operating as ArcStone Kingswood in partnership with Kingswood US -- focuses on equity capital markets, private placements, and advisory services for public and private mining and resource companies, with particular expertise in precious metals, base metals, and critical minerals. The Managing Director will work within a compliance-forward environment and is expected to demonstrate disciplined adherence to applicable FINRA, SEC, and Canadian securities regulatory requirements.
Core Responsibilities
Client Coverage and Origination
• Originate and manage senior relationships with public and private mining, metals, and resource companies and key industry stakeholders, including management teams, boards, institutional shareholders, and industry advisors.
• Lead mandate development, including transaction positioning, financing structure discussions, strategic alternatives evaluation, and engagement scoping, in coordination with senior management and compliance.
• Maintain an active, disciplined coverage pipeline with accurate internal reporting, documentation, and timeline management.
Transaction Execution
• Oversee execution across applicable transaction types, including equity financings, registered offerings (where applicable and subject to applicable registration requirements), Regulation D private placements, and mergers and acquisitions advisory mandates.
• Coordinate internal stakeholders across investment banking, sales, corporate access, and marketing support functions, subject to applicable information barrier policies and supervisory controls.
• Lead preparation and review of client materials, including pitch materials, investor presentations, roadshow agendas, and due diligence packages, ensuring all materials are reviewed and approved by a designated principal before distribution in accordance with FINRA Rule 2210.
Distribution and Investor Relations
• Direct investor outreach to institutional investors, family offices, high-net-worth individual investors (through registered affiliates and approved channels), and strategic investors, subject to applicable solicitation rules, investor qualification requirements, and information barrier policies.
• Coordinate investor meetings and roadshow activities through a controlled, documented process consistent with firm policies and applicable securities regulations.
• Maintain disciplined, compliant communications with issuers and investors using balanced, non-promissory language and appropriate disclaimers at all times.
FINRA and Compliance Responsibilities
• Ensure all external communications, marketing materials, and investor outreach are reviewed and approved by a designated principal in accordance with FINRA Rule 2210 and applicable firm communications policies before distribution.
• Confirm engagement scope, entity capacity, and role clarity (placement agent, co-placement agent, financial adviser, or other defined role) before commencing investor outreach or issuer representation, and document such confirmation.
• Follow all policies related to investor qualification, applicable exemptions from registration, and permitted distribution practices; do not engage in general solicitation in connection with Rule 506(b) private placements without prior compliance approval.
• Escalate conflicts of interest, compensation arrangements, issuer relationships, and potential market integrity concerns to Compliance promptly and before taking any action.
• Adhere to information barrier requirements, including MNPI controls and policies governing interactions between investment banking, sales, research, and trading functions.
• Maintain complete, accurate, and timely books and records for engagement documentation, client communications, investor outreach, approved marketing materials, and transaction work streams, as required by SEC Rules 17a-3/17a-4 and FINRA Rule 4511.
• Comply with all cross-border requirements applicable to distribution of Canadian issuer securities to U.S. investors and vice versa, in coordination with Compliance and applicable Canadian regulatory counsel.
Qualifications
• 8 or more years of investment banking, equity capital markets, or mining advisory experience, with a focus on the mining and resource sectors.
• Demonstrated track record originating and executing equity capital markets transactions, private placements, and advisory mandates for mining, metals, or resource companies.
• Strong established relationships with mining sector management teams, institutional investors, and industry stakeholders.
• Working knowledge of cross-border Canada/U.S. capital markets, TSX Venture Exchange, CSE, NYSE American, and OTC Markets ecosystems.
• Excellent judgment and disciplined documentation habits; demonstrated comfort in a compliance-forward regulatory environment.
• Series 7, Series 63, and Series 79 registrations required (or willingness to obtain), subject to firm approval. Canadian securities registrations or exemptions as applicable. FINRA U4 in good standing required.
HIRING ENTITY AND REGISTRATION NOTICE
Mining sector activities are conducted through ArcStone Securities LLC, member FINRA/SIPC, CRD #306029, and/or ArcStone Kingswood, a division of Kingswood US (a separately registered FINRA broker-dealer). Candidates should confirm which entity governs their specific role at the time of offer. All activities involving regulated securities are subject to applicable FINRA and SEC registration requirements and internal supervisory approvals. Role placement, compensation, and title are subject to applicable regulatory requirements, background checks, and firm approvals.
All roles involving securities activities are subject to applicable FINRA and SEC registration requirements. Candidates will be required to obtain and maintain all necessary licenses as a condition of employment or engagement. ArcStone Securities LLC, member FINRA/SIPC, CRD #306029, may only conduct business in states where it is properly registered or licensed.
EQUAL OPPORTUNITY
ArcStone Securities LLC and ArcStone Securities and Investments Corp. are equal opportunity employers and do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, genetic information, marital status, sexual orientation, gender identity, or any other characteristic protected by applicable law. All hiring, role placement, and engagement decisions are subject to applicable registration requirements, background checks, and internal supervisory approvals.
COMPENSATION NOTICE
Compensation for this role may include base salary, variable compensation, and/or commission arrangements, as applicable to the nature of the engagement and applicable regulatory requirements. No specific income, revenue, or compensation outcome is implied or guaranteed by this posting. Compensation structures for roles involving securities activities are subject to applicable FINRA rules governing compensation arrangements.
