DuPont Walston explained

DuPont Walston, Inc. was a former U.S. brokerage and investment banking 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 and closed in 1974.^[1]

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 following pension account fraud, who then merged it with Dupont, which had found itself in financial difficulties.^{[2] [3] [4]}

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.,^[5] which itself was formed through the combination of Glore, Forgan Co. and Wm. R. Staats Co. in 1964.^[6]

Notes and References

1. Perot's Orderly Retreat . . 1974-02-04. Wall Street. https://web.archive.org/web/20080710071954/http://www.time.com/time/magazine/article/0,9171,908447,00.html . dead . July 10, 2008 . 5 August 2013. New York.
2. Web site: Lundin. Leigh. The Digital Detective, Wall Street part 1. Financial Fraud. SleuthSayers. New York. 2013-06-16.
3. Web site: Lundin. Leigh. The Digital Detective, Wall Street part 2. Financial Fraud. SleuthSayers. New York. 2013-06-23.
4. Mr. Nice Guy Goes to Wall St.. Time . 1971-05-03. Investment. https://archive.today/20130805080553/http://www.time.com/time/subscriber/article/0,33009,876994,00.html. dead. August 5, 2013. 5 August 2013. New York.
5. News: F.I. Dupont Sets a Major Merger; Glore Forgan Staats, Inc., an Investment Banker, and Firm Plan Union Broker Ran '69 Deficit: Combined Concern Will Be the Largest Partnership Operating on Wall St . . Terry . Robards . 1970-06-04.
6. News: Merger Planned by Glore, Forgan; Concern Agrees to a Deal With Wm. Staats &. Co . The New York Times . Richard . Phalon . 1964-12-15.