Founder and CEO of Shore Capital, Howard Shore, has announced that he will step down as CEO of the brokerage to be replaced by two co-CEOs. The announcement comes after a tumultuous year for Shore’s firm, which was forced into bankruptcy in December amid allegations it had been involved with fraudulent mortgage securities.
Founder and CEO of Shore Capital, Howard Shore, has announced that he will step down as CEO of the brokerage to be replaced by two co-CEOs. Shore will remain at the company as executive chairman and will focus on the firm's international business.