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July 16, 1990 | From United Press International
Stock Fraud Suit: A $25-million class-action suit accused Merrill Lynch, Pierce Fenner & Smith and five of its brokers of fraud and stock manipulation after they allegedly targeted Leisure World residents in a scheme to promote what became a worthless penny stock. The U.S. District Court suit said the Merrill Lynch brokers violated the brokerage's internal policies to "hype" the stock of IMT Inc., a bankrupt company.
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BUSINESS
July 16, 1990 | From United Press International
Stock Fraud Suit: A $25-million class-action suit accused Merrill Lynch, Pierce Fenner & Smith and five of its brokers of fraud and stock manipulation after they allegedly targeted Leisure World residents in a scheme to promote what became a worthless penny stock. The U.S. District Court suit said the Merrill Lynch brokers violated the brokerage's internal policies to "hype" the stock of IMT Inc., a bankrupt company.
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BUSINESS
August 10, 1988 | STEVE CHAWKINS, Times Staff Writer
After narrating the tale of yet another traveler stricken with a sudden loss but saved by his trusty credit card, the tough customer with the cauliflower nose might invoke an unfamiliar homily: "Arantz karteet toors mee yeller!" That's Armenian for "Don't leave home without it!"--and while it hasn't been selected as the advertising message for one of two new credit cards being marketed to Armenians in the United States, it might as well be.
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