Brookstreet Securities Corp

Federal regulators sued Irvine brokerage Brookstreet Securities Corp. and its founder Tuesday, accusing them of systematically selling high-risk mortgage securities to customers with conservative investment goals. Brookstreet and its chief executive, Stanley C. Brooks, allegedly developed a program that offered the mortgage investments to more than 1,000 retirees and others for whom they were unsuitable, according to the lawsuit filed by the Securities and Exchange Commission. Through his attorney, Brooks denied wrongdoing and said he would contest the allegations.

Federal regulators sued Irvine brokerage Brookstreet Securities Corp. and its founder Tuesday, accusing them of systematically selling high-risk mortgage securities to customers with conservative investment goals. Brookstreet and its chief executive, Stanley C. Brooks, allegedly developed a program that offered the mortgage investments to more than 1,000 retirees and others for whom they were unsuitable, according to the lawsuit filed by the Securities and Exchange Commission. Through his attorney, Brooks denied wrongdoing and said he would contest the allegations.

Despite long-awaited approval of its Bolsa Chica housing project, Koll Real Estate Group stock closed down three cents a share Friday in very heavy trading. Although a whopping 1.1 million shares changed hands--typically only 100,000 shares trade daily--the hike in volume didn't move prices much, a signal that some shareholders are still uncertain about the company's future. "I don't know why our stock didn't increase. I would have thought it would move up significantly," said Raymond J.

Home Theater Products International Inc. is poised for a major management shake-up in the wake of a former auditor's assertion that the company overstated its annual sales and net income by $9 million, an executive said Monday. As many as four senior officers, including the chairman and the president, are expected to depart soon, said Irwin Zucker, HTP's executive vice president. Zucker said he has become de facto acting chief executive because Paul R.

Dave Robinson, executive vice president and media director of the T&O Group in Irvine, has been appointed general manager. Before joining the advertising and public relations agency two years ago, Robinson was senior vice president, media director at Doner Advertising in Baltimore. * Sue Hagen has been named executive vice president of innovation and quality at Prudential Real Estate and Relocation Services in Irvine.

Alleging that 10 brokers made millions of dollars at the expense of retirees, federal regulators accused them Thursday of misrepresenting complex and illiquid mortgage investments as safe and suitable for conservative investors. The Securities and Exchange Commission, in a civil fraud lawsuit filed in West Palm Beach, Fla., federal court, said the brokers worked for Brookstreet Securities Corp. of Irvine, which went out of business in 2007.

Chris Reed sits back in his cluttered office, his graying hair in a ponytail, wearing a green-and-yellow T-shirt bearing the name of the beverage company he started 15 years ago and now wants to take public. Around him are his products: ginger ale, lemon guava ginger brew and some sidelines, such as ginger ice cream and crystallized ginger candy. "I'm a ginger freak," he says. Reed, 47, is hoping his loyal customers are as enthusiastic about the prospects of Reed's Inc.