Penson Worldwide investors led by TCV V sell over 500,000 shares of company stock

By Lisa Kerner

Charlotte, N.C., Feb. 28 - A group of Penson Worldwide, Inc. investors led by TCV V, LP sold 587,900 shares of the company's common stock priced between $28.78 and $31.00 on Feb. 23 and Feb. 26, according to a schedule 13D filing with the Securities and Exchange Commission.

TCV V, Member Fund, Management V and the members owned, directly and indirectly, a total of 3,275,863 shares, or 13.1% of Penson Worldwide's outstanding common stock.

Penson Worldwide is a Dallas-based provider of securities-processing infrastructure products.

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