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Economy: Stock Market, Interest Rate / Gruttadauria Case #731535

NBC Evening News for Tuesday, Jun 24, 2003
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(Studio: Brian Williams) Stock Market Report and a possible drop in the interest rate, expected after a Federal Reserve Board meeting tomorrow, noted.

(New York: Anne Thompson) The rally in the stock market examined. [Smith Barney senior equity strategist Tobias LEVKOVICH†- says the rally is for real.] [Investment analyst James PAULSEN†- predicts market trends.] [Investors Shayon WIMBLEY‡, Dan SHERMAN‡- comment.]

(Studio: Brian Williams) Report introduced.

(Washington: Lisa Myers) Possible criminal charges against SG Cowen†† and Lehman Brothers for failing to stop the fraud scheme of stockbroker Frank Gruttadauria††, who stole investors’ money and sent out phony statements, featured; details given about the firms’ response. [Victim Sam GLAZER††- explains what happened to him.] [Glazer’s attorney Robert DUVIN†- says Gruttadauria pulled it off because the companies never chose to look.] [Cleveland prosecutor William MASON‡- says if the companies facilitated Gruttadauria, it’s a felony.]

Reporter(s):
Williams, Brian;
Thompson, Anne;
Myers, Lisa
Duration:
00:04:50

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