The IRE Resource Center is a major research library containing more than 23,250 investigative stories — both print and broadcast. These stories are searchable online or by contacting the Resource Center directly (573-882-3364 or email@example.com) where a researcher can help you pinpoint what you need. Browse or search the tipsheet section of our library below. Stories are not available for download but can be easily ordered by contacting the Resource Center:
The IRE Resource Center is a major research library containing more than 23,250 investigative stories — both print and broadcast.
These stories are searchable online or by contacting the Resource Center directly (573-882-3364 or firstname.lastname@example.org) where a researcher can help you pinpoint what you need.
Browse or search the tipsheet section of our library below. Stories are not available for download but can be easily ordered by contacting the Resource Center:
Search results for "brokerage houses" ...
A Fortune investigation examines how analysts on Wall Street have become "stock boosters, often serving as liaisons between the companies they cover and the investing public." The report profiles Mike Mayo, a star analyst at Credit Suisse First Boston, who "thought he could change the ratings game on Wall Street ... and tell people to sell stocks that were headed for a meltdown." The story details how in the spring of 1999 Mayo put a sell on bank stocks, stirring the ire of portfolio managers and bank executives, and got fired in the fall of 2000, shortly after his company announced plans to acquire another brokerage house. The author draws the conclusion that "if a top-rated, thoroughly respected analyst earning a seven-figure salary with a name brand firm can take this kind of career hit, Wall Street's legions of lower-profile analysts have little hope of summoning the courage to shout "Sell!" on a given stock or sector."
The Naples Daily News reports about "... a web of corrupt dealings involving county commissioners, a defunct golf stadium development, county grants, the PGA Tour, a mob-linked stock house and our local state attorney... The deal seemed simple: County Commissioner John Norris steered control of the Naples Senior PGA golf tournament and $1 million in county grants to his Stadium Naples business partner in exchange for (a) stake. ... our locally elected state attorney - who declined to bring bribery charges related to ... Norris' stake in the Stadium Naples golf development in October 1998 - owned stock in a Stadium Naples partner company during his investigation." This investigation continued till 2000. Also see story files #17443 and #15021 for the complete set of stories.
"In a six-month investigation, Business Week found major improprieties at the American Stock Exchange. In contrast to its serene public image as a technologically savvy, scandal-free market for trading of stocks and options, Business Week found a veritable snake pit of improper trading and investor ripoffs."
Tags: SEC Amex price-fixing Spear Leads & Kellogg whistleblower Edward Manfredonia National Association of Securities Dealers New York Stock Exchange NYSE stock brokers brokerage houses insider deals fraud regulation
A profile of the most powerful man on Wall Street, Peter Kellogg, showing for the first time the extent of his holdings and influence. kellogg had never been profiled to this extent, because few people realized how much power he really has. Plus, he refuses to grant any interviews. This investigation piece laid out in detail the extent of his holdings, and showed how he gained them. It showed that his web of finacncial interests in various Wall Street brokerage houses has established him as a modern-day Rockefeller: Just as Rockefeller bought up every link in the distribution of oil, so is Kellogg buing up every link in the traind of stocks.
Forbes article is detailed analysis of how the nation's largest penny stock brokerage house, Blinder, Robinson & Co., makes millions swindling thousands of small investors despite SEC enforcement efforts, April 20, 1987.