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Trustee Announces Tentative Agreement for MJK Clearing Accounts.
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PR Newswire
- Article date:
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October 1, 2001
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Copyright informationCOPYRIGHT 2001 PR Newswire Association, 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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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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