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Randall Bryan

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BUSINESS
July 4, 1992 | SCOT J. PALTROW, TIMES STAFF WRITER
Among the most common customer complaints against brokers, one stands out because it is a clear violation of criminal law: forgery. Charges that brokers forge their customers' signatures on account documents are common, a Times investigation of the retail brokerage industry shows. Industry experts and brokers themselves say the practice is widespread and even tacitly tolerated by some firms. Yet the allegations almost never lead to criminal investigations, and disciplinary action is rare.
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BUSINESS
July 3, 1992 | SCOT J. PALTROW, TIMES STAFF WRITER
Getting accurate public information on unscrupulous stock brokers is more difficult than some regulators seem to believe. William McLucas, the Securities and Exchange Commission's enforcement chief, claims that investors can help protect themselves from brokers with long histories of customer complaints just by taking the trouble to check out a broker's record before investing. He recommends calling a toll-free hot line set up last October by the National Assn.
NEWS
July 1, 1992 | SCOT J. PALTROW, TIMES STAFF WRITER
Small investors who decide to risk a first plunge into the stock market often turn to Wall Street's biggest, best-known brokerages, hoping to find the most trustworthy brokers and reliable advice. But a six-month investigation by The Times shows that there are brokers at firms with household names such as Shearson Lehman Bros., PaineWebber Inc. and Dean Witter Reynolds--as well as at other top-ranked firms--whose records might give customers pause if they knew about them.
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