December 2, 2009 (FinancialWire) — SWS Group, Inc. (NYSE: SWS) said it has commenced an underwritten public offering of 4.1 million shares of its common stock. BofA Merrill Lynch (NYSE: BAC) will act as sole bookrunning manager.

The underwriters will be granted a 30-day option to purchase up to an additional 615,000 shares of common stock to cover over-allotments, if any.

SWS plans to use the net proceeds for general corporate purposes and to support continued growth or selective opportunistic acquisitions.

Dallas-based SWS Group offers a range of investment and financial services through its subsidiaries.

Its subsidiaries include Southwest Securities, Inc., a national clearing firm, registered investment adviser and registered broker-dealer; SWS Financial Services, Inc., a registered investment adviser and a registered broker-dealer serving independent securities brokers and their clients, and Southwest Securities, FSB, one of the largest banks headquartered in the Dallas-Fort Worth metropolitan area.

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