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Article: DENVER INVESTOR AWARDED $243,000 ARBITRATION PANEL SAYS COMPANY MISLED HIM, MANIPULATED MARKET.(Business)
- Article from:
- Rocky Mountain News (Denver, CO)
- Article date:
- May 28, 1998
- Author:
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Byline: John Accola Rocky Mountain News Staff Writer
A Denver investor has been awarded $243,000 by an arbitration panel that ruled that a cold-calling New York brokerage lured him into into buying sour stocks.
Mark Arthur Hanna, chairman of the defunct brokerage known as HGI Inc. and the Harriman Group, was held liable for the award to Paul Cook, a 51-year-old computer engineer who invested his retirement savings in stocks promoted by the company.
The three-member arbitration panel, which held a two-day hearing this month, said that HGI brokers provided Hanna with misleading information about stocks and that the company engaged in market ...