William O Neil Co

Siebert Financial Corp. said its investment banking group will acquire the retail brokerage accounts of a unit of William O'Neil & Co. for an undisclosed cash amount. New York-based Muriel Siebert & Co. will acquire the accounts of customers who agree to the transfer, to expand its California business, said Chairwoman Muriel Siebert. She wouldn't say how many will be acquired. O'Neil's owner, William O'Neil, also owns Investor's Business Daily. The closely held company is based in Los Angeles.

Do you have a spare $250,000 and a penchant for high-octane growth stocks? If so, David Ryan, a former top aide to Investor's Business Daily newspaper founder William O'Neil, may have a hedge fund for you. Ryan, 39, recently left his mentor's namesake company, William O'Neil & Co. in West Los Angeles, after 16 years. He plans to open Ryan Capital Management in Santa Monica on July 1.

Do you have a spare $250,000 and a penchant for high-octane growth stocks? If so, David Ryan, a former top aide to Investor's Business Daily newspaper founder William O'Neil, may have a hedge fund for you. Ryan, 39, recently left his mentor's namesake company, William O'Neil & Co. in West Los Angeles, after 16 years. He plans to open Ryan Capital Management in Santa Monica on July 1.

Siebert Financial Corp. said its investment banking group will acquire the retail brokerage accounts of a unit of William O'Neil & Co. for an undisclosed cash amount. New York-based Muriel Siebert & Co. will acquire the accounts of customers who agree to the transfer, to expand its California business, said Chairwoman Muriel Siebert. She wouldn't say how many will be acquired. O'Neil's owner, William O'Neil, also owns Investor's Business Daily. The closely held company is based in Los Angeles.

The American Stock Exchange named Patricia A. Jones regional director of its new West Coast regional office in Century City. She had been with William O'Neil & Co. . . . Minnesota Mining & Manufacturing said it set June 28 as the date of the spinoff of its news data storage and imaging systems businesses as Imation. . . . Lucent Technologies said it agreed to sell its AT&T Paradyne unit to Texas Pacific Group for $175 million.

Brake Capital Securities Inc. has appointed two new vice presidents. Neil Donner has worked for Bateman Eichler, Hill Richards, William O'Neil & Co., and the Connecticut General Life Insurance Co., now Cigna. David O'Leary, a chartered financial analyst, has worked for Connecticut Bank Trust and Connecticut General Investment Management Co. In addition, O'Leary was partner and director of research at Fox-Pitt, Kelton, an international investment banking firm.

Cheering and tossing papers into the air, traders on the Pacific Stock Exchange on Friday celebrated the exchange's final closing at its 54-year-old location at 618 S. Spring St. On Monday, the exchange will begin operations at its new $5-million facility in the Beaudry Center II building at 233 S. Beaudry Ave.

Stephen P. Fox has resigned as editor, president and chief executive of Investor's Daily, the Los Angeles-based business newspaper has confirmed. Hamid Fereydouni, former circulation director, has taken over as president, while Wesley F. Mann, former managing editor, takes over as editor. The position of chief executive has been left open.

* William O'Neil & Co., publisher of Investor's Business Daily, acquired the company's corporate headquarters and newspaper office building at 12655 Beatrice St. in Marina del Rey from Citicorp. The principals did not disclose the purchase price, but industry sources estimate it at more than $20 million. The buyer was represented by John Bertram and Tim Macker of Westmac Commercial Brokerage Co. Citicorp represented itself. * Kearny Real Estate Co.

As hippies in a Berkeley commune in the late 1960s, Byron Mikalson and Lewis Soloff made and sold large, multicolored candles. They later went separately into such enterprises as stained-glass belt buckles and health burgers. Lately, the pair joined forces again, trading stocks and publishing a market letter, the Insighter. The letter, which describes stocks and makes recommendations, is marginally profitable, but in stock trading, the pair have struck gold.

At age 13, David Ryan bought his first stock in the now-defunct candy company that used to make Bit-O-Honey and Chunky bars. Since then, the 27-year-old portfolio manager at Los Angeles-based William O'Neil & Co. has come into even sweeter deals. Trading the same account that won him first place two years ago, Ryan just took another first in the U.S. Trading Championship, two-year stocks category, by turning his original $43,000 investment into $295,000, a gain of 578%.