Word: brokering
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...Internet makes it easier for people to broker information about people they don't like. In Seattle, a battle is raging over Justicefiles.org a frequent critic of local law enforcement. The group began posting police officers' Social Security numbers on its website. A state court has ordered the group to stop, holding that it was infringing on the officers' privacy rights. Free-speech advocates are fighting the ruling, arguing that there is no basis for preventing the dissemination of truthful, legally obtained information...
...markets crashed, knocking 16% off the national stock index. Investors across the country were rattled, and Calcutta was rocked to the bone. Daily volume on the city's exchange plunged by more than 80% and has yet to recover. Officials reckon that 400 of the bourse's 450 active brokers are near bankruptcy. And most of them are no longer showing up at the office. The Calcutta Stock Exchange, India's third- largest and one of the most venerable in Asia, looks like some backwater bus depot, rather than the bustling hub it used to be. Hallways are darkened...
...Events on the ground have forced NATO's hand, and they're no longer treating the rebels as "murderers in the hills," which was the phrase (NATO Secretary General) Lord Robertson used to describe them earlier this year. NATO's intervention to broker the latest cease-fire was an attempt to reduce tensions that had been inflamed by the government offensive that started last Friday. But it appears the alliance misjudged the depths of frustration over the ethnic-Albanian uprising among Macedonian Slavs. Monday's protests started with police reservists, some of whom were given weapons over the past couple...
...Brokers forgot the rules," says lawyer Darren Blum, who won a $98,000 award last year after arguing that a broker failed to make suitable recommendations based on his client's assets and investment experience. The client, a 73-year-old bookkeeper in Hollywood, Fla., agreed to put nearly $200,000--or roughly 80% of his liquid net worth--into a stock he'd never heard of, Sigma Design. "I was buying like crazy on margin," says the bamboozled bookkeeper. "And I got wiped...
NASD has also started posting arbitration awards online, armchair reading likely to delight and discourage in equal measure. Most lawyers won't even start sniffing if you've lost less than $50,000, which means your time may be better spent finding a new broker to rebalance your portfolio. The SEC urges investors to check a broker's history before opening an account. But its Central Registration Depository won't mention any complaints that were erased as part of settlement agreements, which took care of 41% of last year's arbitration claims. NASD has been dragging its feet in drafting...