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Article: You can't sue your broker. (arbitration for disputes with stock brokers)
- Article from:
- Kiplinger's Personal Finance Magazine
- Article date:
- May 1, 1994
- Author:
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Copyright informationCOPYRIGHT 1994 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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George Kasimirsky remembers the first time he heard of Video Superstores. That October day in 1987 was not a particularly auspicious moment in his life. He got a call at his office at General Nutrition Centers, outside Pittsburgh. On the line was Stephen Kush, a former co-worker who had recently become a stockbroker in Fort Lauderdale, Fla. Kush had a hot tip: Video Superstores was a cheap way to buy into a fast-growing business-- renting movies on video-cassette for home viewing.
Because the tip came from a trusted friend, Kasimirsky ignored his natural caution. He bought 200,000 shares for about 3 cents apiece. He and other members of his family kept buying, eventually ...
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Article: WHAT YOU SHOULD KNOW ABOUT ARBITRATION PROCESS
Roanoke Times & World News;
June 24, 2007 ;
649 words
......the broker or firm must use an arbitration process set up and run by industry regulators...cases reviewed went through the NASD arbitration process.) The recovery percentage plunged...of NASD Dispute Resolution, the arbitration process is fair to investors. NASD is the...
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