Institutional Financial Markets Inc. ( IFMI) Q2 2011 Earnings Call August 9, 2011 10:00 AM ET Executives Daniel Cohen – Chairman and CEO John Costas – Chairman, PrinceRidge Joe Pooler – CFO Analysts Mark Duffy – MMD Hudson Rick Sherman – Oppenheimer Dwight Emanuelson – Merrill Lynch John Lydecker – MJ Whitman Susan Schweitzer – Salient Advisors PresentationOperator
Good morning ladies and gentlemen and welcome to Institutional Financial Markets second quarter earnings conference call. My name is Julianne and I will be your operator for today. At this time all participants have been placed in a listen-only mode. Following formal remarks, the call will be opened to a question-and-answer session and instructions will be provided at that time. As a reminder, this conference call is being recorded. Before we begin, IFMI would like to remind everyone that some of the statements the company makes during this call may contain forward-looking statements under applicable security laws. These statements may involve risks and uncertainties that could cause the company’s actual results to differ materially from the results discussed in such forward-looking statements. The forward-looking statements made during this call are made only as of the date of this call and the company undertakes no obligation to update such statements to reflect subsequent events or circumstances. IFMI advises you to read the cautionary note regarding forward-looking statements in its earnings release and in its most recent Annual Report on Form 10-K filed with the SEC. Please also note that in the company’s quarterly earnings release for the second quarter of 2011 the non-GAAP measures have been reconciled to GAAP measures in accordance with SEC regulations.