Word: broker
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Recruiting the guests, who usually attend three or four at a time, is a responsibility assigned to each TDO by the club's "vice dean of women," a position currently held by Pete Flamer, an insurance broker. The girls who meet the club's criteria, he says, are "pretty, single and up for a good time with a great bunch of guys." They are found in all sorts of places: riding elevators, working in offices, at parties or walking the streets of the city. Even though the invitations come from strangers, they are seldom turned down. Explains...
When an investor wants to buy shares in a typical mutual fund, he goes to one of the fund's own salesmen or to a broker who has been designated by the fund as its agent. For his services, which may include counseling but often consist of no more than filling out a form and mailing it in to the fund, the salesman or broker-agent is rewarded with the sweetest commission in the securities industry: an average of 8% to 8.5% of the total purchase price, compared with an average of 1.45% on trades in corporate stocks such...
...argued is essential to their ability to market their products-violates antimonopoly laws, and filed suit in federal court to break it up. Three of the country's largest mutual funds were named as defendants. So were the National Association of Securities Dealers, many of whose 4,200 broker members act as fund agents, and nine major brokerage houses, including Merrill Lynch, Pierce, Fenner & Smith, Bache & Co. and Paine, Webber, Jackson & Curtis...
...effect, the suit asks that mutual fund shares be traded exactly like corporate stocks. A customer, in the Justice Department's view, should be able to pick up the phone, call any broker he chooses, and put in an order to buy, say, 100 shares of any fund he selects. The broker would then match his order with the offer of someone who wants to sell 100 shares (at present, mutual fund shares are nearly always sold back to the fund itself) and execute a trade at standard commission rates...
...history of the Cambridge YRB is shot through with similar instances of neglect, inaction, and total incomprehension of the needs of its constituency. Designed primarily as a power broker for Cambridge youth, the Bureau has consistently refused even to speak out as an agency on the most visible community issue ever to face its clientele: the death of Larry Largey...