CoreStates Securities to pay $541,000 in brokerage dispute
Article Abstract:
Ending a dispute that lasted 13 years, CoreStates Securities Corp., a division of CoreStates Financial Corp., was ordered to pay $541, 000 to a mother and son. In a final judgement, a Pleas Court Judge ordered the company to pay penalties totaling $402, 000, and approximately $139,00 in interest. The money was intended to compensate the family for losses incurred when their trades were subcontracted by CoreStates to another brokerage. The ruling upheld a decision by an affiliate of the National Association of Securities Dealers, issued in November of 1997. Though NASD rulings are usually considered final, CoreStates had challenged the decision.
Comment:
CoreStates Securities Corp., a division of CoreStates Financial Corp., was ordered to pay $541, 000 to a mother and son.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 1998
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Amtrak freight operation is upheld
Article Abstract:
Amtrak, a railroad system in the US, found its survival partially assured by a decision of the US Surface Transportation Board to turn down a complaint initiated by the Union Pacific Railroad. Amtrak will now find it possible to let its express-cargo operations grow in a fashion similar to its mail operations and gain additional revenue, noted Amtrak acting president and chief executive George Warrington. The Board noted that Amtrak can operate a high-end express cargo service despite the higher expense involved.
Comment:
Finds survival partially assured by decision of US Surface Transportation Board to turn down Union Pacific Railroad's complaint
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 1998
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Cyber-thieves delight in one-stop swiping
Article Abstract:
The potential for massive scale identity theft by cyber-thieves is possible whenever databases with purchase-enabling information are stored in one place. The theft of thousands of records from the BJ 's Wholesale Club Inc. in 2004 illustrates how difficult the clean-up can be as hundreds of thousands of credit cards had to be reissued to BJ's customers as a precaution against further fraud.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
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