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BUSINESS
October 15, 1990
One on One is a weekly feature offering excerpts of interviews conducted by The Evening Sun with newsworthy business leaders. Nathan Chapman is Chairman and Chief Executive Officer of The Chapman Co., a Baltimore stock brokerage firm.Q. Before starting your brokerage firm in Dec. 1986, you worked for the investment banking firm of Alex. Brown. Why did you decide to leave that firm and its security and venture into the uncertain world of a new company?A. I loved working at Alex. Brown & Sons.
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BUSINESS
Lorraine Mirabella | October 1, 2014
CVS pharmacy, Chick-fil-A and Nalley Fresh will open locations at the Inner Harbor, joining Shake Shack and M&T Bank in a ground floor retail expansion at 400 East Pratt Street, the building's brokerage firm said today. The office tower's owner started expanding more than a year ago, renovating the lobby and working toward attracting shops and restaurants with outdoor seating. The landlord sought tenants that would be seen as amenities for office tenants as well as Inner Harbor workers and visitors, said David Leibowits, a partner of PDL Pratt Associates, the building's owner for more than 30 years.
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BUSINESS
By BLOOMBERG NEWS | November 22, 1997
TOKYO -- Yamaichi Securities Co., Japan's fourth largest brokerage firm, plans to file with regulators to cease operations in what would be Japan's biggest business failure since World War II, according to published reports.Yamaichi's debt rating was downgraded to junk by Moody's Investors Service yesterday, making it harder and more expensive for the firm to borrow. Securities firms borrow billions of dollars to finance their investments and they risk going out of business if they can't roll over those debts.
BUSINESS
By Natalie Sherman | November 26, 2013
An Elkridge development of 208 apartments sold Tuesday for $44.1 million to a Los Angeles-based investment group, the brokerage firm handling the deal announced. JRK Investors Inc. will own and manage Belmont Station, said Jeff Coles, senior broker with First Capital Realty, which represented the buyers during the deal. The development was built by Elkridge Development LLC in 2008. JRK Investors has a portfolio of more than 49,000 apartment units and is trying to expand its holdings on the East Coast, Coles said.
BUSINESS
By Dan Thanh Dang | August 10, 2008
The Securities Investor Protection Corp., which protects investors from losses if brokerage firms fail, is warning investors about a new identity theft scam designed to gain confidential information and cash from unsuspecting individuals. SIPC officials are investigating phony e-mail messages sent by a supposed "senior investment adviser" claiming to act for an actual SIPC member. The SIPC member and brokerage firm named in the e-mail have nothing to do with the scam, the SIPC said. The e-mail involves an "insurance investment claim" and asserts that the brokerage firm is acting on behalf of SIPC in order to return funds to the recipient of the e-mail.
NEWS
November 1, 1992
George M. Ferris, chairman emeritus of the regional brokerage firm Ferris, Baker Watts Inc., died of heart failure Thursday at his Chevy Chase home.A memorial service for the 99-year-old founder of the Washington-based Ferris & Co. Inc. will be conducted at 4 p.m. tomorrowat All Saints Episcopal Church in Chevy Chase.The Newton, Conn., native was a 1916 graduate of Trinity College in Hartford, Conn., where he was a star baseball pitcher and lifetime trustee. Its athletic center is named in his honor.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Sun Staff Writer | May 25, 1994
...*TC CB Commercial Real Estate Services Inc. has raided rival Casey & Associates to find a new head of the national brokerage firm's Baltimore office, less than two years after Casey lured the same broker away from CB Commercial.Steven H. Gassaway will take control of the 25-broker local CB Commercial operation next week, the company said yesterday. The 35-year-old Lutherville resident spent nine years with CB Commercial before joining Casey in late 1992."It was an opportunity to manage an office [and]
BUSINESS
By Natalie Sherman | November 26, 2013
An Elkridge development of 208 apartments sold Tuesday for $44.1 million to a Los Angeles-based investment group, the brokerage firm handling the deal announced. JRK Investors Inc. will own and manage Belmont Station, said Jeff Coles, senior broker with First Capital Realty, which represented the buyers during the deal. The development was built by Elkridge Development LLC in 2008. JRK Investors has a portfolio of more than 49,000 apartment units and is trying to expand its holdings on the East Coast, Coles said.
BUSINESS
Lorraine Mirabella | October 1, 2014
CVS pharmacy, Chick-fil-A and Nalley Fresh will open locations at the Inner Harbor, joining Shake Shack and M&T Bank in a ground floor retail expansion at 400 East Pratt Street, the building's brokerage firm said today. The office tower's owner started expanding more than a year ago, renovating the lobby and working toward attracting shops and restaurants with outdoor seating. The landlord sought tenants that would be seen as amenities for office tenants as well as Inner Harbor workers and visitors, said David Leibowits, a partner of PDL Pratt Associates, the building's owner for more than 30 years.
BUSINESS
By Humberto Cruz | June 5, 2005
Q. You often recommend that people invest in a diversified portfolio of stocks and bonds. I want to open an account with a brokerage firm but am getting confused by the many questions on the account application. Would it hurt me if I admit I don't have that much investment experience or don't make that much money? A. It could hurt you if you don't admit it. In the event of a dispute with the brokerage firm - for example, if you allege that a broker steered you into an unsuitable investment - it could weaken your case considerably if you exaggerate your investment knowledge or experience, or how much money you have.
NEWS
By Frederick N. Rasmussen, The Baltimore Sun | August 10, 2012
Albert C. Haeger, a veteran customhouse broker and freight forwarder who owned and operated the old William H. Masson Inc. brokerage, died Aug. 3 of pancreatic cancer at his Bel Air home. He was 85. The son of a merchant marine engineer and a homemaker, Albert Charles Haeger was born and raised on Staten Island, N.Y., where he graduated in 1945 from St. Peter's High School. When he was 18 and fresh out of high school, Mr. Haeger began answering newspaper ads for jobs at custom brokerage firms and received only one reply.
BUSINESS
By Steve Kilar, The Baltimore Sun | June 9, 2012
With the ongoing development east of the Inner Harbor, the expanding suburbs in Baltimore and Howard counties and the tried-and-true appeal of downtown, the Baltimore metro region has corporate real estate for every tenant's taste and need. All of those options can be overwhelming, says Daniel J. Shapiro, who aims to become a vital member of Baltimore's business community by helping companies figure out what they want and require from commercial space. "Real estate should not be an afterthought.
BUSINESS
By Hanah Cho, The Baltimore Sun | April 16, 2012
Federal securities regulators allege an executive at Eastern Savings Bank in Hunt Valley participated in a fraudulent short-selling scheme involving his personal brokerage firm, according to a complaint filed Monday. In an administrative case, the U.S. Securities and Exchange Commission said that Chicago-based optionsXpress, four of the firm's officials and Jonathan I. Feldman, a senior vice president at Eastern Savings, violated SEC rules by engaging in a plan to profit off a series of "sham" transactions designed to give the impression that the firm had bought certain securities.
NEWS
By Frederick N. Rasmussen, The Baltimore Sun | January 13, 2011
Ethel S. Braun, president of the Baltimore real estate brokerage E.G. Rock Inc. for 55 years, died Jan. 6 of heart failure at her Glen Arm home. She was 98. Ethel Segerman was born in Baltimore and raised on Mount Royal Terrace. After graduating from the old Mount St. Agnes High School in 1930, she moved to California, where she lived for two years in Los Angeles and Santa Barbara. She returned in 1932 to Baltimore, and six years later married Wilson J.C. Braun Sr., who worked for the old Glenn L. Martin Co. in Middle River.
BUSINESS
By Hanah Cho, The Baltimore Sun | September 9, 2010
An administrative law judge has dismissed allegations that the former general counsel of Ferris, Baker Watts Inc., Theodore W. Urban, failed in his supervision of a broker who was subsequently convicted in a fraud that cost clients millions of dollars. The judge's opinion, filed this week, could mark the end of the last federal prosecution into the trading scandal that revealed a lack of leadership, an unclear chain of command and missed opportunities to stop the scheme at the former Baltimore brokerage firm.
NEWS
By Jessica Anderson, The Baltimore Sun | July 16, 2010
The lenders who backed a struggling downtown Towson mall launched foreclosure proceedings in Baltimore County Circuit Court this week. Capmark Finance Inc., the New York-based lender to Towson Commons LLC, disclosed in its court filing that the company holds two loans, one for $49 million and the other for $17 million on the property, owned by Western Development. Cushman Wakefield, a New York-based commercial real estate brokerage and consulting firm, confirmed last week that it has been hired by Capmark "to advise them on the disposition of both the note and the property," according to David Baird, a senior managing director for the brokerage firm's Maryland region.
BUSINESS
By Ian Johnson and Ian Johnson,Staff Writer Staff Writer David Conn contributed to this article | July 24, 1993
Baltimore's Alex. Brown & Sons Inc. is one of 11 Wall Street firms charged in a lawsuit with improperly enriching themselves by not transferring investors' money speedily enough when the investors changed brokerage houses.The class-action suit, filed by three investors in Phoenix, Ariz., claims that when investors changed from one brokerage to another, some mutual funds and money market funds were not transferred as quickly as possible to the new brokerage firm.The firms unnecessarily took the maximum 10 days allowed under law before transferring funds to the new brokerage and used this time to earn interest, which the former client did not receive, the suit charges.
BUSINESS
By Ross Hetrick and Ross Hetrick,Evening Sun Staff | April 24, 1991
A.G. Edwards & Sons Inc., a St. Louis-based stock brokerage firm, has opened a new Hunt Valley office, its third in the Baltimore region.The new office, at 303 International Circle, is staffed by four brokers. About six months ago the company opened an office in Annapolis with 10 brokers. Edward's downtown office, which has 14 brokers, opened in 1980.Bernard J. Sledzik, vice president and resident manager of Edwards' Baltimore office, said the Hunt Valley branch was opened as the result of new brokers joining the firm.
NEWS
By Frederick N. Rasmussen and Frederick N. Rasmussen,fred.rasmussen@baltsun.com | October 22, 2008
George Mallette Ferris Jr., whose career in the investment business spanned nearly six decades and who was chairman of the board of the investment firm of Ferris, Baker Watts Inc., died of a heart attack Monday at the company's Washington office. He was 81. In 1950, Mr. Ferris joined the Washington-based investment firm of Ferris & Co. that was established by his father in 1932; it became one of the nation's capital's oldest and largest investment banking firms. He spent most of his career working in the firm's Washington office at 1700 Pennsylvania Ave., NW, where he had been CEO until stepping down in 1997, family members said.
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