Margin borrowing risks and a Florida couple’s margin ordeal
A columnist warns margin accounts are risky and often misused. The Hymans of Boynton Beach opened margin accounts in 1995 to aid day trading by their sons. After the firm failed in 1997, SIPC intervened but pursued over $1 million in margin loans, revealing the harsh reality that clearing houses and brokers can leave investors liable for debts regardless of broker conduct.
MENTIONED IN THIS ARTICLE
Judy
Arnold Hyman
Boynton Beach
Fla
Hymans
Mark
Bill
Securities and Exchange Commission
Securities Investor Protection Corp
SIPC
Securities Law
Steve Thel
Fordham University
New York
Hidden Costs When Buying a Home In Evansville
Prices surge as summer housing picks up. Ann Good and Keith upgraded fixtures and built, but landscaping by the developer fell short, costing about 450 dollars. Real estate agent Kathy Briscoe notes buyers often face surprise expenses when they first see a newly bought house, especially if certain features are left bare.
MENTIONED IN THIS ARTICLE
Ann Good
Evansville
Ind
Keith
Ann Goad
Kathy Briscoe
RC. Tucker/Huber Realtors
Secrets to Saving on Home Buying and Moving Costs
Practical tips for saving during a move and home purchase. Highlights include reusing existing furniture, DIY exterior maintenance, and cost-saving strategies like renting a moving truck with hosted meals. Consider furniture acquisitions, taxes, and insurance changes when moving up. Replacement-cost insurance options are advised to avoid cash value limits.
MENTIONED IN THIS ARTICLE
Briscoe
Calloway
Gasoline prices rise across nation on cleaner fuel costs
Gasoline prices climbed about 4.11 cents in two weeks to an average of $1.7134 a gallon, driven by cleaner fuel production costs and high crude oil prices. Analyst Trilby Lundberg cites supply rollout issues and summer demand, with prices expected to stay high through the season.
MENTIONED IN THIS ARTICLE
Los Angeles
Trilby Lundberg
Lund
Berg
Lundberg
Protection from firm's warranties guidance for consumers
Experts urge written guarantees before purchase and outline steps to secure protection. Advice includes reading the warranty, getting oral promises in writing, understanding service contracts versus warranties, evaluating need, noting implied warranty rights, saving receipts, proper maintenance, handling disputes, using dispute resolution, and contacting the BBB and FTC for rights and complaints.
Online ads to surge 700 percent in five years
Jupiter Communications predicts online advertising growth near 700 percent by 2005 with spending rising from 4.3 billion in 1999 to about 28 billion globally. The firm warns most global companies lack techno savvy and integrated cross media campaigns to spend wisely, but innovators will win.
MENTIONED IN THIS ARTICLE
Jupiter Communications Inc
Jupiter
Evan Neufeld
Also Mentioned on This Page
Jane Bryant Quinn
Laura T. Corrry
Scouts
Howard News Service
Better Business Bureau
Federal Trade Commission
Dilbert
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