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BRIEFLY

The SEC postponed a brokerage's suspension.

January 05, 1987

The Securities and Exchange Commission said it agreed to postpone its 45-day suspension of Denver-based Blinder, Robinson & Co., the nation's largest "penny stock" broker, while the firm appeals the decision to the U.S. Court of Appeals. But the SEC refused to grant a postponement for the minimum two-year suspension that it imposed on the firm's president, Meyer Blinder. The firm was barred by the SEC on Dec. 19 from taking part in any securities offering for 45 days after the SEC found that investors were "cheated and deceived" in a 1979-80 public offering for American Leisure Corp., which was underwritten by the firm.

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