Commentary

Brian Decker
Traders Magazine Online News

Three Reasons the "Downs" Have Greater Impact In An "Up and Down" Stock Market

Brian Decker, a financial planner and founder of Decker Retirement Planning Inc., argues that it is much more important for investors to consider the downside in turbulent markets than the upside.

Traders Poll

Is the adoption of electronic trading in fixed income on par of that in the FX sector?




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April 30, 2001

Rooked Investors Receiving Their Money

By Gregory Bresiger

Clients of Donahue Securities, a Cincin nati, Ohio, securities firm, are now receiving some $5 million as restitution for a phony tax-free municipal bond fund scheme, according to authorities.

The Securities Investor Protection Corporation has entered into a settlement with Donahue Securities, which is in receivership.

Douglas Tripp, attorney with the Cincinnati law firm of Frost Brown and Todd is acting as trustee. He will supervise the liquidation of Donahue's assets.

The settlement, which is not an admission of guilt, is the result of a complaint brought by the SEC.

SIPC's actions were praised by Michael G. Oxley (R-Ohio), who is chairman of the House Financial Services Committee.

"This kind of effective response to fraud gives everyone faith in the strength of our financial systems," said Oxley, who quickly noted that many of the duped investors are from his state.

He added, "Quality oversight from the SEC and SIPC is one of the reasons our financial markets are the envy of the world."