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Securities Industry Orange County

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BUSINESS
February 20, 1999 | LESLIE EARNEST, TIMES STAFF WRITER
L.L. Knickerbocker Co., whose shares were once one of Wall Street's hottest investments, said Friday it is in danger of being delisted by the Nasdaq National Market because its stock price has fallen below $1 a share. The Lake Forest-based company, which sells collectible porcelain and vinyl dolls and teddy bears, said in a statement that it will "rigorously work to regain compliance."
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BUSINESS
July 4, 2000 | Bloomberg News
WFS Financial Inc. plans to sell about $1.5 billion in asset-backed securities, the Irvine finance company disclosed in a regulatory report. The report, filed with the Securities and Exchange Commission, allows WFS to register the securities in advance and then sell them when market conditions are favorable or when financing needs arise. Terms of the securities are usually announced at the time of the sale. The securities are backed by a pool of auto loans, the filing said.
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BUSINESS
April 19, 2000 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
Technology stocks exploded Tuesday, broadening Monday's big market gains, as buyers returned to many speculative, smaller tech issues that had been crushed in last week's historic sell-off. Orange County stocks also advanced for the second day in a row, recovering much of the heavy losses sustained Friday. An index of more than 130 Orange County stocks surged 6.7% on Tuesday to 310.23, nearing its level before the market tumbled.
BUSINESS
April 19, 2000 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
Technology stocks exploded Tuesday, broadening Monday's big market gains, as buyers returned to many speculative, smaller tech issues that had been crushed in last week's historic sell-off. Orange County stocks also advanced for the second day in a row, recovering much of the heavy losses sustained Friday. An index of more than 130 Orange County stocks surged 6.7% on Tuesday to 310.23, nearing its level before the market tumbled.
BUSINESS
January 16, 1998 | Patrice Apodaca, Patrice Apodaca covers economic issues for The Times. She can be reached at (714) 966-5979 and at patrice.apodaca@latimes.com
Mark Stewart, a longtime Orange County resident, remembers the days when much of the county had very little commerce. "It's been amazing for me growing up here and seeing all the activity as far as the entrepreneurship," he said. So Stewart, who has worked most of his career as a stockbroker or trader, decided three years ago to open his own brokerage. Today, Irvine-based Silicon Beach Securities, of which Stewart is president, has five brokers and plans to add 10 this year.
BUSINESS
July 24, 1999 | (Edmund Sanders)
A private spat between two of Orange County's best-known investment advisors turned public when Byron Roth, chairman of Newport Beach-based Cruttenden Roth, accused his partner and former boss, Walter Cruttenden III, of stealing clients and employees for a new Internet venture.
BUSINESS
December 14, 1998 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
Thanks to the high-flying nature of Internet stocks, officers and directors of high-tech firms have been eager to cash in their shares. And insider-data trackers note that, among Internet companies, Irvine-based Broadcom Corp. has topped the list of firms where insiders recently have sold or filed to sell shares. Other top insider sellers include staff and investors of Excite, Earthlink Network and Real Networks, according to filings with the Securities and Exchange Commission.
NEWS
April 15, 2000 | LESLIE EARNEST and MARC BALLON, TIMES STAFF WRITERS
Sick of watching her investments stagnate while everybody else got rich, Newport Beach resident Jean Bradley last week dumped all her money into a mutual fund packed with high-tech companies. Bad timing. On Friday, the stock market plummeted in a wave of panic selling, and Orange County stocks took their worst drubbing in more than five years. "Everything I have is just in the garbage right now," said Bradley, customer service representative at Newport Beach Chamber of Commerce.
BUSINESS
June 14, 1997 | James S. Granelli
Mission Viejo-based Coastline Financial Inc. was expelled from the National Assn. of Securities Dealers, and its owner was barred from the securities industry for allegedly misleading investors who bought $1.1 million worth of notes. In addition, the broker-dealer and its owner, Donald Allyson Williams, were fined $50,000 and ordered to repay any remaining notes, plus interest, according to the NASD, which registers and oversees brokers and their companies.
BUSINESS
January 12, 1999 | Bloomberg News
Franklin Resources Inc. mutual fund group has unloaded its 5.15% stake in Apria Healthcare Group Inc., according to a recent regulatory report. Franklin had held 2.67 million shares in Costa Mesa-based Apria on Sept. 30, according to a previous filing with the Securities and Exchange Commission. Shares of Apria, a provider of home health care services, rose 44 cents to close Friday at $11.44.
NEWS
April 15, 2000 | LESLIE EARNEST and MARC BALLON, TIMES STAFF WRITERS
Sick of watching her investments stagnate while everybody else got rich, Newport Beach resident Jean Bradley last week dumped all her money into a mutual fund packed with high-tech companies. Bad timing. On Friday, the stock market plummeted in a wave of panic selling, and Orange County stocks took their worst drubbing in more than five years. "Everything I have is just in the garbage right now," said Bradley, customer service representative at Newport Beach Chamber of Commerce.
BUSINESS
July 24, 1999 | (Edmund Sanders)
A private spat between two of Orange County's best-known investment advisors turned public when Byron Roth, chairman of Newport Beach-based Cruttenden Roth, accused his partner and former boss, Walter Cruttenden III, of stealing clients and employees for a new Internet venture.
BUSINESS
March 5, 1999 | JOHN O'DELL, TIMES STAFF WRITER
Moving to expand its scope into overseas markets, Newport Beach-based Cruttenden Roth Inc. said Thursday that it has absorbed the business and staff of South Coast Financial Securities Inc., an Irvine-based broker specializing in trades in foreign securities markets. South Coast has about $200 million in assets managed by 10 traders, including brokerage co-founder Robert Witt and managing director Kimberly Hardaker, said Byron Roth, Cruttenden Roth's chairman and chief executive.
BUSINESS
February 20, 1999 | LESLIE EARNEST, TIMES STAFF WRITER
L.L. Knickerbocker Co., whose shares were once one of Wall Street's hottest investments, said Friday it is in danger of being delisted by the Nasdaq National Market because its stock price has fallen below $1 a share. The Lake Forest-based company, which sells collectible porcelain and vinyl dolls and teddy bears, said in a statement that it will "rigorously work to regain compliance."
BUSINESS
January 12, 1999 | Bloomberg News
Franklin Resources Inc. mutual fund group has unloaded its 5.15% stake in Apria Healthcare Group Inc., according to a recent regulatory report. Franklin had held 2.67 million shares in Costa Mesa-based Apria on Sept. 30, according to a previous filing with the Securities and Exchange Commission. Shares of Apria, a provider of home health care services, rose 44 cents to close Friday at $11.44.
BUSINESS
December 14, 1998 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
Thanks to the high-flying nature of Internet stocks, officers and directors of high-tech firms have been eager to cash in their shares. And insider-data trackers note that, among Internet companies, Irvine-based Broadcom Corp. has topped the list of firms where insiders recently have sold or filed to sell shares. Other top insider sellers include staff and investors of Excite, Earthlink Network and Real Networks, according to filings with the Securities and Exchange Commission.
BUSINESS
July 4, 2000 | Bloomberg News
WFS Financial Inc. plans to sell about $1.5 billion in asset-backed securities, the Irvine finance company disclosed in a regulatory report. The report, filed with the Securities and Exchange Commission, allows WFS to register the securities in advance and then sell them when market conditions are favorable or when financing needs arise. Terms of the securities are usually announced at the time of the sale. The securities are backed by a pool of auto loans, the filing said.
NEWS
October 29, 1997 | JAMES S. GRANELLI and LESLIE EARNEST, SPECIAL TO THE TIMES
They suffered through the worst point drop in stock market history, but by Tuesday many of America's investors were ready to go bargain hunting. "I'll be buying," said Jim Kelton of Huntington Beach, who had stopped by the Charles Schwab office in Laguna Hills on Tuesday with a check to buy 300 shares of Monsanto. The price was rising so quickly, though, that Kelton had to write another check for an additional $1,000 to cover the purchase.
BUSINESS
December 9, 1998 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
Waldron & Co. Inc., the Irvine brokerage house accused of inflating the shares of troubled online retailer Shopping.com, has lost its regulatory registration and closed its doors. The National Assn. of Securities Dealers suspended the company's registration last week after it failed to pay $350,000 in compensatory damages in connection with the artificial boosting of the Corona del Mar-based company's share price. Company officials couldn't be reached for comment Tuesday.
BUSINESS
October 27, 1998 | From Bloomberg News
Alleghany Asset Management agreed to buy Pimco Advisors Holdings LP's international fund-management subsidiary, Blairlogie Capital Management, the companies said Monday. Edinburgh, Scotland-based Blairlogie Capital, formed in 1992, manages about $800 million in assets, primarily in non-U.S. securities. It represents about 0.5% of Pimco's assets under management, said William D. Cvengros, chief executive of the Newport Beach-based company.
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