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Trustee Announces Tentative Agreement for MJK Clearing Accounts.

MINNEAPOLIS, Oct. 1 /PRNewswire/ --

Most of the customers of MJK Clearing, Inc. will be able to access their accounts again this week, under a tentative agreement announced today by James P. Stephenson, the court-appointed trustee, and the Securities Investor Protection Corporation. Under the terms of the transaction, which must be approved by the United States Bankruptcy Court in Minneapolis, most accounts of MJK Clearing, Inc. will be transferred to SWS Securities, Inc., a Dallas-based financial services company founded in 1972, with current assets of nearly $4 billion. Following court approval, most accountholders will be able to access their accounts and resume ...

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