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July 26, 1990 | TOM PETRUNO, TIMES STAFF WRITER
The Los Angeles money management firm that introduced "portfolio insurance" to Wall Street in the 1980s is readying a major new stock market-hedging tool--this time for individuals as well as big investors. Leland O'Brien Rubinstein Associates on Wednesday received tentative Securities and Exchange Commission approval for the firm's SuperShares plan. If the SEC gives a final OK after a 30-day public comment period, the investments could begin trading in October.
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BUSINESS
July 26, 1990 | TOM PETRUNO, TIMES STAFF WRITER
The Los Angeles money management firm that introduced "portfolio insurance" to Wall Street in the 1980s is readying a major new stock market-hedging tool--this time for individuals as well as big investors. Leland O'Brien Rubinstein Associates on Wednesday received tentative Securities and Exchange Commission approval for the firm's SuperShares plan. If the SEC gives a final OK after a 30-day public comment period, the investments could begin trading in October.
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