As of October 1, 2008, Bear, Stearns & Co. Inc. was acquired by J.P. Morgan Securities LLC. Bear Stearns & Co. Inc. is an investment banking, securities trading, and brokerage firm. Bear Stearns & Co. is involved in corporate finance, mergers and acquisitions, fixed income sales and trading, asset management, and institutional equities. The company also provides trading and research, private client services, derivatives, foreign exchange and futures sales and trading services. It serves governments, corporations, institutions, and individuals. Bear Stearns & Co. Inc. was founded in 1923 and is headquartered in New York City. It has offices in the United States, London, Beijing, Dublin, Herzliya, Hong Kong, Lugano, Sao Paulo, Seoul, Shanghai, Singapore, and Tokyo.