He said the buying had come from more than one brokerage house.
"Why were they going to put the law on him when he was in the brokerage house?"
You buy 100 shares to return to the brokerage house.
The brokerage house played a relatively small role and settled for $750,000.
Sometimes friends at large brokerage houses give him research reports.
This was a week in which the brokerage houses probably lost money.
It became the largest brokerage house of that sort in the country.
And at least two other brokerage houses did the same.
The brokerage house was on its way to losing $33 million that year.
"We called the brokerage house, and they found the owner."
"Bids on the other $7 billion had to come from somewhere," a trader at an American securities house said.
Indeed, early today, Japanese authorities closed the country's 10th- largest bank; a major securities house went under earlier this month.
After stays at two other securities houses, he died of leukemia in 1985.
That law has served as an impenetrable wall between banks and securities houses.
"Financial institutions can't make any money in this market, so they're just sitting around," said a broker at a large Japanese securities house.
Big securities houses, he said, look out for themselves and not their customers.
"The whole thing is getting more confusing," said the chief executive of another major securities house.
The manager of a branch for a major securities house said his business had been drying up.
The period was also eventful for the American securities houses.
Yet some big securities houses are up in arms over the Elwes report.
Słownik finansowy