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Rauscher Pierce Refsnes Inc

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NEWS
June 12, 1996 | DAVAN MAHARAJ and MATT LAIT and DEBORA VRANA, TIMES STAFF WRITERS
Broadening a campaign to recover the investment losses that drove it into bankruptcy, Orange County filed five new lawsuits Tuesday, demanding millions in damages from its former bond lawyers, a major Wall Street ratings firm, and even the federally chartered agency that sells student loans. Attorneys representing the county filed the lawsuits in U. S. Bankruptcy Court here on the eve of the county's emergence from the worst municipal bankruptcy in U. S. history.
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CALIFORNIA | LOCAL
August 4, 1998 | JEAN O. PASCO, TIMES STAFF WRITER
Federal regulators charged brokerage Dain Rauscher Inc. and two of its former executives with fraud Monday for allegedly withholding critical information from investors who bought nearly $1 billion in municipal bonds issued before Orange County's 1994 bankruptcy. In its civil complaint, the Securities and Exchange Commission is seeking permanent injunctions against the firm and its former employees, plus unspecified fines.
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NEWS
June 12, 1996 | DAVAN MAHARAJ and MATT LAIT and DEBORA VRANA, TIMES STAFF WRITERS
Broadening a campaign to recover the investment losses that drove it into bankruptcy, Orange County filed five new lawsuits Tuesday, demanding millions in damages from its former bond lawyers, a Wall Street ratings firm and even the federally chartered agency that sells student loans. Attorneys representing the county filed the suits in U.S. Bankruptcy Court here on the eve of the county's emergence from the worst municipal bankruptcy in the nation's history.
BUSINESS
August 27, 1997 | E. SCOTT RECKARD, TIMES STAFF WRITER
A brokerage that helped schools and cities borrow money in 1993 and 1994 to invest in the Orange County treasury says it is trying to settle Securities and Exchange Commission fraud charges related to the county's December 1994 bankruptcy. Dallas-based Rauscher Pierce Refsnes said it is talking with the SEC "to resolve this matter on satisfactory terms prior to or in lieu of the filing of a federal complaint."
CALIFORNIA | LOCAL
August 4, 1998 | JEAN O. PASCO, TIMES STAFF WRITER
Federal regulators charged brokerage Dain Rauscher Inc. and two of its former executives with fraud Monday for allegedly withholding critical information from investors who bought nearly $1 billion in municipal bonds issued before Orange County's 1994 bankruptcy. In its civil complaint, the Securities and Exchange Commission is seeking permanent injunctions against the firm and its former employees, plus unspecified fines.
NEWS
October 3, 1995 | DEBORA VRANA and DAVAN MAHARAJ, TIMES STAFF WRITERS
Federal regulators investigating Orange County's bankruptcy have notified at least two major Wall Street bond firms and former county Treasurer-Tax Collector Robert L. Citron that they may have violated securities laws, sources said Monday. As part of its 10-month investigation, the U.S. Securities and Exchange Commission has warned C. S. First Boston Corp. and Rauscher Pierce Refsnes Inc.
BUSINESS
August 27, 1997 | E. SCOTT RECKARD, TIMES STAFF WRITER
A brokerage that helped schools and cities borrow money in 1993 and 1994 to invest in the Orange County treasury says it is trying to settle Securities and Exchange Commission fraud charges related to the county's December 1994 bankruptcy. Dallas-based Rauscher Pierce Refsnes said it is talking with the SEC "to resolve this matter on satisfactory terms prior to or in lieu of the filing of a federal complaint."
BUSINESS
August 27, 1997 | E. SCOTT RECKARD, TIMES STAFF WRITER
A brokerage that helped schools and cities borrow money in 1993 and 1994 to invest in the Orange County treasury says it is trying to settle Securities and Exchange Commission fraud charges related to the county's December 1994 bankruptcy. Dallas-based Rauscher Pierce Refsnes said it is talking with the SEC "to resolve this matter on satisfactory terms prior to or in lieu of the filing of a federal complaint."
NEWS
August 30, 1990
A total of $6.7 million in bonds will be sold to fund construction of a new reservoir and water pipeline in West Covina. The City Council, acting jointly as the Public Financing Authority, voted 4 to 0 to adopt a resolution authorizing the use of bonds to fund the improvements. Councilman Steve Herfert was absent. Rauscher Pierce Refsnes Inc. will underwrite the bonds. The pipeline will be built on Amar Road, with the reservoir constructed just to the north.
CALIFORNIA | LOCAL
October 31, 2002 | From staff and wire reports
A former Rauscher Pierce Refsnes Inc. investment banker has settled allegations over his role in the firm's alleged failure to disclose the risks of investments related to Orange County's 1994 bankruptcy, U.S. regulators said Wednesday. Kenneth Ough of Post Falls, Idaho, settled the charges by agreeing not to violate applicable provisions of securities law. He paid no monetary fine or penalty, the Securities and Exchange Commission said. He did not admit or deny guilt.
BUSINESS
August 27, 1997 | E. SCOTT RECKARD, TIMES STAFF WRITER
A brokerage that helped schools and cities borrow money in 1993 and 1994 to invest in the Orange County treasury says it is trying to settle Securities and Exchange Commission fraud charges related to the county's December 1994 bankruptcy. Dallas-based Rauscher Pierce Refsnes said it is talking with the SEC "to resolve this matter on satisfactory terms prior to or in lieu of the filing of a federal complaint."
NEWS
June 12, 1996 | DAVAN MAHARAJ and MATT LAIT and DEBORA VRANA, TIMES STAFF WRITERS
Broadening a campaign to recover the investment losses that drove it into bankruptcy, Orange County filed five new lawsuits Tuesday, demanding millions in damages from its former bond lawyers, a major Wall Street ratings firm, and even the federally chartered agency that sells student loans. Attorneys representing the county filed the lawsuits in U. S. Bankruptcy Court here on the eve of the county's emergence from the worst municipal bankruptcy in U. S. history.
NEWS
June 12, 1996 | DAVAN MAHARAJ and MATT LAIT and DEBORA VRANA, TIMES STAFF WRITERS
Broadening a campaign to recover the investment losses that drove it into bankruptcy, Orange County filed five new lawsuits Tuesday, demanding millions in damages from its former bond lawyers, a Wall Street ratings firm and even the federally chartered agency that sells student loans. Attorneys representing the county filed the suits in U.S. Bankruptcy Court here on the eve of the county's emergence from the worst municipal bankruptcy in the nation's history.
NEWS
October 3, 1995 | DEBORA VRANA and DAVAN MAHARAJ, TIMES STAFF WRITERS
Federal regulators investigating Orange County's bankruptcy have notified at least two major Wall Street bond firms and former county Treasurer-Tax Collector Robert L. Citron that they may have violated securities laws, sources said Monday. As part of its 10-month investigation, the U.S. Securities and Exchange Commission has warned C. S. First Boston Corp. and Rauscher Pierce Refsnes Inc.
BUSINESS
January 9, 1998
Oxford Health Plans Inc. said it is demoting Chief Executive William Sullivan to another senior management position and hired Albert Koch, a corporate restructuring specialist, as interim chief financial officer to replace Andrew Cassidy, who resigned in November. . . . The Securities and Exchange Commission, in its first such case, accused brokerage Rauscher Pierce Refsnes Inc. and a former firm official of defrauding Arizona by selling it Treasury securities at above-market prices.
CALIFORNIA | LOCAL
December 3, 1997 | HOPE HAMASHIGE
Newport-Mesa Unified School District has filed a lawsuit seeking $5.4 million from a former financial advisor it alleges is partly responsible for district losses in the county's 1994 bankruptcy. In the suit filed last week in U.S. District Court, the district alleges Rauscher, Pierce, Refsnes Inc. had conflicts of interest because it was working for Newport-Mesa and Orange County in the months leading up to the bankruptcy.
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