Business Services Industry
Oregon Congressional Candidate's Brokerage Hit with Fines, Warning.
Knight Ridder/Tribune Business News, April, 2004
By Laura Gunderson, The Oregonian, Portland, Ore. Knight Ridder/Tribune Business News
Apr. 13--A brokerage firm owned by a Republican candidate in the 1st Congressional District, Phillips & Co. Securities, has paid $21,500 in fines and been warned by the state about its business practices.
In addition, clients who blamed Tim Phillips' company for losing their money received more than $250,000 in two insurance settlements in the past year. Separately, a third client received a $30,000 arbitration award.
Phillips said neither he nor his company knowingly broke the rules.
As for the money awarded after arbitration and the insurance settlements, Phillips said, "These are people that lost money in one of the worst bear markets in...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
