March 21, 2012 |
Screaming about higher gas prices? Jeff Grossman does it every day. He is one of the dozens of traders in brightly colored jackets who pack the floor of the New York Mercantile Exchange, one of the world's premier hubs for energy trading. The 130-year-old venue is one of the last in Manhattan where people can still shout out orders instead of them silently being processed by computers. That's given traders such as Grossman a rather unique perspective on the rising price of fuel -- especially since prices at the pump typically follow moves on the trading floor by just a few days.
July 30, 1999 |
A day trader apparently upset over big financial losses opened fire on fellow investors and office workers Thursday afternoon, officials said, killing nine people and wounding 12, then eluded a manhunt for six hours before killing himself. The search for the suspect led police to a second grim discovery: Days ago, they said, the man had killed his wife and two children and left them in his apartment.
CALIFORNIA | LOCAL
June 29, 1990
A retired stockbroker was sentenced Thursday in U.S. District Court in Los Angeles to two years in prison for defrauding an elderly multimillionaire who for years ignored stock accounts worth up to $16 million. Judge Edward Rafeedie also ordered Willard R. Walls Jr. of Huntington Beach to return $503,000 to the estate of Everett Reiten, who died last year in Wisconsin after spending much of his life in Long Beach.
April 29, 2004 |
Ten stockbrokers at a now-defunct securities firm were accused Wednesday in a racketeering indictment of defrauding hundreds of customers out of millions of dollars, authorities said. The brokers, who once worked for LCP Capital Corp. in Manhattan, were paid millions of dollars in cash bribes by stock promoters to pump up the prices of 14 stocks, Manhattan Dist. Atty. Robert Morgenthau said.
February 21, 1997
Federal securities regulators fined two Orange County stockbrokers for separate violations, barring one of them from the industry and suspending the other for 90 days. Tibor Robert Komoroczy of Laguna Niguel, who was barred, was accused of making trades in customers' accounts without their authorization or consent. The National Assn. of Securities Dealers also fined him $40,000 and required him to pay $168,000 in restitution.
September 10, 1993 |
This year, the annual convention of state securities regulators will be in keeping with the austere spirit of the 1990s. When the regulators meet in Orlando, Fla., in two weeks, there will be none of the lavish soirees, free liquor, food and entertainment that were furnished to past conferences by big Wall Street brokerages--the firms that the regulators are charged with regulating. The board of the North American Securities Administrators Assn.