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BUSINESS
February 23, 1995 | SCOT J. PALTROW, TIMES STAFF WRITER
In a ruling that could have significant repercussions for the brokerage industry, an arbitration panel has awarded punitive damages to an 85-year-old woman who sued her Prudential Securities Inc. broker, even though New York law seemingly forbids punitive damages in arbitration cases. The ruling by a New York Stock Exchange arbitration panel is of national interest, because a high percentage of disputes between brokers and customers are decided by arbitration panels here. In addition, the U.S.
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BUSINESS
February 23, 1995 | SCOT J. PALTROW, TIMES STAFF WRITER
In a ruling that could have significant repercussions for the brokerage industry, an arbitration panel has awarded punitive damages to an 85-year-old woman who sued her Prudential Securities Inc. broker, even though New York law seemingly forbids punitive damages in arbitration cases. The ruling by a New York Stock Exchange arbitration panel is of national interest, because a high percentage of disputes between brokers and customers are decided by arbitration panels here. In addition, the U.S.
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BUSINESS
February 22, 1995 | Times Staff and Wire Reports
PaineWebber Fires Broker: A PaineWebber Group Inc., broker whose clients reportedly included comedian Jackie Mason and rock singer Joan Jett was fired after he allegedly made unauthorized trades and chalked up huge losses. PaineWebber said Armando Ruiz was suspended after the first client complaint and terminated after a subsequent investigation. The firm would not reveal the specifics of the investigation of Ruiz, how many clients were involved or the amount of the alleged losses.
BUSINESS
February 22, 1995 | Times Staff and Wire Reports
PaineWebber Fires Broker: A PaineWebber Group Inc., broker whose clients reportedly included comedian Jackie Mason and rock singer Joan Jett was fired after he allegedly made unauthorized trades and chalked up huge losses. PaineWebber said Armando Ruiz was suspended after the first client complaint and terminated after a subsequent investigation. The firm would not reveal the specifics of the investigation of Ruiz, how many clients were involved or the amount of the alleged losses.
BUSINESS
February 15, 1992 | VICTOR ZONANA, TIMES STAFF WRITER
Warren E. Buffett, the Wizard of Omaha, wore them down as much as he wowed them when he met with analysts and institutional investors on Friday to sketch out Salomon Inc.'s road to recovery from last year's Treasury securities auction scandal. "I don't want you to leave this room with an unanswered question," Salomon's interim chairman said as he opened the 2 3/4-hour session.
BUSINESS
February 15, 1992 | VICTOR ZONANA, TIMES STAFF WRITER
Warren E. Buffett, the Wizard of Omaha, wore them down as much as he wowed them when he met with analysts and institutional investors on Friday to sketch out Salomon Inc.'s road to recovery from last year's Treasury securities auction scandal. "I don't want you to leave this room with an unanswered question," Salomon's interim chairman said as he opened the 2 3/4-hour session.
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