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Strategies & Market Trends : CAVALRY'S SHORT BUSTERS - MAGIC EIGHTBALLS PICKS -- Ignore unavailable to you. Want to Upgrade?

To: Cavalry who wrote (671)	9/17/1998 8:00:00 PM
From: RBM	Read Replies (1) \| Respond to of 1637

Hey guys... Once bastard done.... to many to go :-) Rob Securities Firms News Thu, 17 Sep 1998, 5:07pm EDT BN 9/17 H.J. Meyers Shuts Brokerage Business, Cowen and Regulator Say H.J. Meyers Shuts Brokerage Business, Cowen and Regulator Say New York, Sept. 17 (Bloomberg) -- H.J. Meyers & Co. shut its brokerage business, according to a statement from the firm that processed its trades and a securities regulator. SG Cowen, a unit of France's Societe Generale SA, said it ended an agreement to process H.J. Meyers' trades after the ''cessation'' of the Rochester, New York-based firm's brokerage business. H.J. Meyers officials weren't immediately available for comment. ''I've been officially told by securities regulators that the firm has ceased doing business this week,'' said Matthew Nestor, enforcement director of the Massachusetts Securities Division in Boston. H.J. Meyers traded about 180 over-the-counter stocks and was the most active trader in 18 of them during July, according to statistics provided by the National Association of Securities Dealers Inc. The firm had more than 100 brokers in about a dozen offices spread across the U.S.. Securities regulators in Massachusetts last year took steps to revoke H.J. Meyers' brokerage license amid allegations that the firm defrauded investors by using high-pressure sales tactics and made unauthorized trades. H.J. Meyers, which was controlled by James Villa, contested the charges and an administrative law judge in Massachusetts is reviewing the case, Nestor said. The NASD fined H.J. Meyers $16,000 in March for securities reporting violations. --Neil Roland in Washington (202) 624-1868 and Per Jebsen (212) 893-3368, through New York newsroom (212) 318-2300/kk