OVERLAND PARK, Kan. – The 10-year non-compete between Corporate Network Brokerage Services and a U.S. Central brokerage CUSO (Capital Markets, Inc.) was abolished six years early. The non-compete prohibited CMI from providing brokerage and advisory services to natural person CUs, and prohibited CNBS from providing brokerage and advisory services to corporate CUs. The two organizations have a lot of history together. In 1996, U.S. Central acquired 100% ownership in CNBS. It spun it off in 1998, and today CNBS is owned solely by 18 corporate CUs. It's too early to tell which organization will benefit more from the dead non-compete, but both are actively working with their previous banned new marketplace.
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