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Sutro Co

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REAL ESTATE
July 26, 1987
Sutro & Co., a regional stock brokerage company with 12 offices in California, has signed a $7-million, 10-year lease to occupy 25,000 square feet in the Bank of America Tower at 555 S. Flower St. More than 50 stockbrokers and support staff in Sutro's Los Angeles branch office, currently at 615 S. Flower St., plan to move into the new location in July, according to John Eichler, office broker with the Los Angeles branch of Cushman & Wakefield, which handled the transaction.
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BUSINESS
October 5, 1996 | JAMES F. PELTZ, TIMES STAFF WRITER
John Hancock Mutual Life Insurance Co. said Friday that it has agreed to sell its Sutro & Co. and Tucker Anthony Inc. stock-brokerage units to a group led by the firms' managers for $180 million. Sutro, headquartered in San Francisco, and Boston-based Tucker Anthony are respected but small, regional competitors in the securities industry, and Hancock said it's shedding the firms to focus on its core insurance lines.
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BUSINESS
March 3, 1989 | BILL SING, Times Staff Writer
A high-ranking officer of a California stock brokerage has been arrested in connection with a bookmaking operation that allegedly handled hundreds of thousands of dollars worth of bets on horse racing and sporting events from brokers and others nationwide. Tom Juda, 42, executive vice president and head of institutional trading in Los Angeles for Sutro & Co.
NEWS
August 27, 1995
Robert Sutro, 86, co-owner and former top executive of the mortgage banking firm Ralph C. Sutro Co. Educated at Stanford University, Sutro became an executive in the firm he shared with his brother after returning from service in both theaters of World War II with the rank of Army colonel.
BUSINESS
October 5, 1996 | JAMES F. PELTZ, TIMES STAFF WRITER
John Hancock Mutual Life Insurance Co. said Friday that it has agreed to sell its Sutro & Co. and Tucker Anthony Inc. stock-brokerage units to a group led by the firms' managers for $180 million. Sutro, headquartered in San Francisco, and Boston-based Tucker Anthony are respected but small, regional competitors in the securities industry, and Hancock said it's shedding the firms to focus on its core insurance lines.
BUSINESS
October 22, 1986
The Securities and Exchange Commission said the San Francisco brokerage house had failed to reasonably supervise certain former employees who allegedly took "excessive" commissions on Treasury bond sales in 1982-84. Sutro & Co. should have detected the overcharges internally, the SEC charged. A settlement was made without the firm admitting or denying any wrongdoing. The company said it would refund any overcharges to clients within 120 days.
NEWS
August 27, 1995
Robert Sutro, 86, co-owner and former top executive of the mortgage banking firm Ralph C. Sutro Co. Educated at Stanford University, Sutro became an executive in the firm he shared with his brother after returning from service in both theaters of World War II with the rank of Army colonel.
BUSINESS
March 4, 1992 | TOM PETRUNO
Los Angeles investment banker Lloyd Greif has parted ways with brokerage Sutro & Co., ending a decade-long tenure as the firm's top deal-maker. Greif, controversial because of his aggressive manner, said Tuesday that he resigned "as a result of differences in approach and style." Sutro, though based in San Francisco, has maintained its corporate finance office in Los Angeles.
BUSINESS
November 6, 1990 | MICHAEL FLAGG, TIMES STAFF WRITER
A life insurance company owned by Irvine-based Lincoln Savings & Loan, the insolvent thrift now operated by federal regulators, said Monday that it had been sold for $31 million to a group of investors. American Founders Life Insurance Co. in Phoenix was acquired by a Nashville, Tenn., limited partnership called Financial Securities Fund, which bought a controlling interest, and the Riverside Group, a Jacksonville, Fla., insurance holding company.
BUSINESS
March 4, 1992 | TOM PETRUNO
Los Angeles investment banker Lloyd Greif has parted ways with brokerage Sutro & Co., ending a decade-long tenure as the firm's top deal-maker. Greif, controversial because of his aggressive manner, said Tuesday that he resigned "as a result of differences in approach and style." Sutro, though based in San Francisco, has maintained its corporate finance office in Los Angeles.
BUSINESS
March 3, 1989 | BILL SING, Times Staff Writer
A high-ranking officer of a California stock brokerage has been arrested in connection with a bookmaking operation that allegedly handled hundreds of thousands of dollars worth of bets on horse racing and sporting events from brokers and others nationwide. Tom Juda, 42, executive vice president and head of institutional trading in Los Angeles for Sutro & Co.
REAL ESTATE
July 26, 1987
Sutro & Co., a regional stock brokerage company with 12 offices in California, has signed a $7-million, 10-year lease to occupy 25,000 square feet in the Bank of America Tower at 555 S. Flower St. More than 50 stockbrokers and support staff in Sutro's Los Angeles branch office, currently at 615 S. Flower St., plan to move into the new location in July, according to John Eichler, office broker with the Los Angeles branch of Cushman & Wakefield, which handled the transaction.
BUSINESS
October 22, 1986
The Securities and Exchange Commission said the San Francisco brokerage house had failed to reasonably supervise certain former employees who allegedly took "excessive" commissions on Treasury bond sales in 1982-84. Sutro & Co. should have detected the overcharges internally, the SEC charged. A settlement was made without the firm admitting or denying any wrongdoing. The company said it would refund any overcharges to clients within 120 days.
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