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H B Shaine Co

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October 21, 1987 | DEBRA WHITEFIELD, Times Staff Writer
In just three work days, Drexel Burnham Lambert has "given back all of October's profits and then some," said Robert E. Linton, the New York investment firm's chairman. But in those same three days, commission income at Bateman Eichler, Hill Richards in Los Angeles has risen 75%, said Executive Vice President Thomas Adkins. For the nation's brokerages, the turmoil that has taken the stock market to record swings in each of the past three trading days is clearly a double-edged sword.
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BUSINESS
October 21, 1987 | DEBRA WHITEFIELD, Times Staff Writer
In just three work days, Drexel Burnham Lambert has "given back all of October's profits and then some," said Robert E. Linton, the New York investment firm's chairman. But in those same three days, commission income at Bateman Eichler, Hill Richards in Los Angeles has risen 75%, said Executive Vice President Thomas Adkins. For the nation's brokerages, the turmoil that has taken the stock market to record swings in each of the past three trading days is clearly a double-edged sword.
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BUSINESS
March 21, 1990 | From Associated Press
Nearly 2 1/2 years after the stock market collapse of 1987, creditors of a failed brokerage firm have reached a settlement with former options investors who lost $12.4 million on Black Monday. The 60 investors, enrolled in a high-risk options trading program with H. B. Shaine & Co. at the time of the Oct. 19, 1987, crash, will pay $3.4 million--or an average of about $57,000 each--of the $12.4 million worth of trading losses they piled up. The settlement was approved Monday by U.S.
NEWS
April 14, 1986 | JOHN J. GOLDMAN, Times Staff Writer
When the stock market was in the doldrums several years ago, Daniel E. Cohen, a San Francisco advertising executive, invested in securities--which have soared. But worry has replaced his euphoria. "We are all sitting with paper profits and we are scared to sell," he laments. "What do you do with the money? I am paralyzed by success. I sat and prayed during the market's big drop. But I did nothing."
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