| Autor: |
Sasseen, Jane, Weber, Joseph |
| Předmět: |
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| Zdroj: |
BusinessWeek; 7/10/95, Issue 3432, p40-42, 2p |
| Abstrakt: |
A New York Federal District Court judge ruled last week that Robert E. Brennan and his firm, First Jersey Securities, had engaged in massive and continuing fraud in a case filed in 1985. Brennan once seemed the stuff of American entrepreneurial dreams. Starring in his own television ads, he built First Jersey into a national firm. But according to the federal court, Brennan built his fortune while simultaneously buying and selling over-hyped stocks to unwitting retail customers. First Jersey's lawyer, W. Hunt Dumont, denies such allegations and says Brennan will appeal the $71 million fine. In the meantime, the SEC has begun proceedings to revoke First Jersey's license and to bar Brennan from the securities business. |
| Databáze: |
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