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Stock Market / Brokers #314982

CBS Evening News for Friday, Mar 27, 1987
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(Studio: Dan Rather) Report introduced.

(New York City: Ray Brady) Rise in customer complaints about brokers' handling of their accountants examined as illustrated by investors Julia and Eugene McMahon's allegation that Shearson broker Mary Ann McNulty was responsible for their losses; details given, scenes shown. [Julia McMAHON - recalls McNulty's assurances of their financial well-being; notes amount they lost, amount McNulty made as result.] Rise in complaints against brokers since 1982 graphed on screen. [Shearson attorney Theodore KREBSBACH - notes risk involved in playing market] Lynn Schroeder Nanko's losses with Prudential- Bache broker described. [NANKO -recalls ordeal.] [Broker Dave WOMACK - describes pressure on brokers to meet minister of cmsns. for firm.] McMahons said bringing case before Supreme Court in effort to change current law against customers suing brokers. [NANKO - comments.]

Reporter(s):
Brady, Ray;
Rather, Dan
Duration:
00:02:50

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