LYNNFIELD, Mass., Dec. 1, 2011 (GLOBE NEWSWIRE) -- Investors Capital Holdings, Ltd. (NYSE Amex:ICH), a financial services holding company ("ICH" or the "Company"), elected James D. Crosson to its Board of Directors in meetings held at the Company's headquarters in Lynnfield, Mass.
Mr. Crosson was one of eight persons elected at the Company's annual meeting of stockholders to hold office as a director of the Company. He is a registered representative of Investors Capital Corp. (ICC), the independent broker/dealer and investment advisor subsidiary of the Company. As a director, he is elected for a term of one year at each annual meeting of the stockholders.
Mr. Crosson, age 50, operates his own financial services business as a Financial Consultant. He has 28 years of industry experience with the focus of his practice being Retirement Planning. Mr. Crosson is a past board member of the Gabelli School of Business at Roger Williams University. He has instructed at University of Massachusetts--Dartmouth, Bridgewater State College, and Bristol Community College. He also is a past board member of The United Way.
Mr. Crosson entered the securities industry in 1983 after graduating from Roger Williams University with a degree in Business Management and minors in Finance and Economics. He began as a stockbroker with First Albany Securities. In 1991, he became an independent financial consultant with LPL Financial, and, in 2009, he joined Investors Capital as an independent financial consultant.
In the 20 years that Mr. Crosson has operated his practice, he has consistently been in the top 5% of the broker/dealers he has been associated with. He has been quoted in The Wall Street Journal and various financial publications. Mr. Crosson holds his series 7, 24 and 63 securities licenses as well as his life, accident and health insurance license.
"Mr. Crosson is a distinguished representative of Investors Capital Corporation with decades of achievement in the industry," said Timothy B. Murphy, President and CEO of Investors Capital Holdings, Ltd. "I believe that he will provide the board with valuable insights into our operations and suggestions for their improvement."
Mr. Crosson may be reached at (508) 672-7500 or james.crosson@investorscapital.com.
About Investors Capital Holdings, Ltd.:
Investors Capital Holdings, Ltd. (NYSE Amex:ICH) of Lynnfield, Massachusetts is a diversified financial services holding company that operates primarily through its independent broker/dealer and investment advisor subsidiary, Investors Capital Corp. Our mission is to provide premier, 5-star service and support to our valued registered representatives, including advisory programs, strategic practice management and marketing services, and focused technology, to help them grow their businesses and exceed their clients' expectations. Business units include Investors Capital Corp., ICC Insurance Agency, Inc., and Investors Capital Holdings Securities Corporation. For more information, please call (800) 949-1422 x4814 or visit www.investorscapital.com.