Middlegate Securities Inc.

I'll research this company before writing the profile.

Let me verify a couple of details on founding year, size, and the plaintiff entity.

Middlegate Securities Inc. (also referenced as Middlegate Securities Ltd. in older SEC filings) is a New York-based broker-dealer headquartered at 8 West 40th Street, 4th Floor, New York, NY. It is a New York State "S" corporation, registered with the SEC (CIK 0000826048; file no. 8-39031) and a FINRA member (CRD 21544), and also registered with the MSRB as a broker-dealer. Ownership is private — 100 shares issued and outstanding. Size is small: its audited statement of financial condition reported total assets of approximately $90.6 million as of December 31, 2024. I could not verify a founding year or employee count from public sources.

Operations. Middlegate is a full-service investment firm. Per its SEC-filed financial statements, it buys and sells primarily corporate securities and municipal bonds, participates in firm-commitment underwriting syndicates (primarily municipal securities), and trades distressed securities. It clears customer transactions on a fully disclosed basis through clearing brokers, having used National Financial Services (Fidelity) and, per its current disclosures, National Financial Services and Wedbush Securities. Bloomberg's profile also lists listed and OTC equities, government securities, options, and retirement/estate planning services.

Litigation posture. Middlegate is an operating company, not an NPE. The tracked data show 1 case, with Middlegate as defendant and 0 as plaintiff — a profile consistent with a small financial firm being targeted rather than a party asserting patents. The sole tracked matter is Cedar Lane Technologies Inc. v. Middlegate Securities Inc., filed in the Southern District of New York.

Context. Cedar Lane Technologies is a Canadian patent-assertion entity (Nelson, BC) that acquires patents — including portfolios originating with Intellectual Ventures — and has filed hundreds of infringement suits since roughly 2019, predominantly in the Eastern and Western Districts of Texas and Delaware, with a high settlement rate. Reporting on its 2025 filings indicates it has targeted financial institutions and investment firms, including at least one other securities broker-dealer. That context frames the S.D.N.Y. action against Middlegate; no merits determination is implied here.