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An industry first? American Indian tribe buys a broker-dealer

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In what may be a first, a tribe of Native Americans is buying a broker-dealer and money manager, with a plan to win business by using its status as a minority-owned firm to appeal to Native American investors. Westrock Group Inc. of New York said today that it has been acquired by LBC Western Holdings LLC, which is owned by the Lower Brule Sioux Tribe of South Dakota.