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Brokerage Firm Failures * |
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* The company is deemed to have failed if at any time it was either 1) under supervision of an insurance regulatory authority; 2) in the process of rehabilitation; 3) in the process of liquidation; or 4) voluntarily dissolved after disciplinary or other regulatory action by an insurance regulatory authority.
2003
| Brokerage Firm |
Headquarters |
Date of
Failure |
At Date of Failure |
Total Assets
($Mil) |
TheStreet.com Safety
Rating |
| Park South Securities, LLC |
New York, NY |
2/10/2003 |
N/A |
U (Unrated) |
| Rocky Mountain Securities & Investments Inc |
Denver, CO |
2/5/2003 |
N/A |
U (Unrated) |
|
2002
| Brokerage Firm |
Headquarters |
Date of
Failure |
At Date of Failure |
Total Assets
($Mil) |
TheStreet.com Safety
Rating |
| Southern Financial Group Inc |
Summerville, SC |
10/16/2002 |
1.90 |
C+ (Fair) |
| Capital Planning Associates, Inc. |
South Plainfield, NJ |
8/5/2002 |
N/A |
U (Unrated) |
| J.P. Gibbons & Co. Inc. |
New York, NY |
7/22/2002 |
N/A |
U (Unrated) |
| Regency Group, Inc. |
New York, NY |
7/1/2002 |
N/A |
U (Unrated) |
| Mason Hill & Co., Inc. |
New York, NY |
5/8/2002 |
N/A |
U (Unrated) |
|
2001
| Brokerage Firm |
Headquarters |
Date of
Failure |
At Date of Failure |
Total Assets
($Mil) |
TheStreet.com Safety
Rating |
| Northstar Securities, Inc. |
Dallas, TX |
12/10/2001 |
N/A |
U (Unrated) |
| Montrose Capital Management Ltd. |
New York, NY |
12/5/2001 |
N/A |
U (Unrated) |
| Krieger Financial Services, Inc. |
Delray Beach, FL |
11/1/2001 |
N/A |
U (Unrated) |
| Eisner Securities Inc. |
St. Louis, MO |
10/30/2001 |
.06 |
U (Unrated) |
| Clark Melvin Securities Corporation |
San Juan, PR |
10/17/2001 |
.02 |
U (Unrated) |
| MJK Clearing Inc. |
Minneapolis, MN |
9/27/2001 |
10002.18 |
U (Unrated) |
| Thomas M. Couch (dba Couch and Co., Inc.) |
New York, NY |
9/7/2001 |
N/A |
U (Unrated) |
| First Madison Securities Inc. |
Boca Raton, FL |
8/24/2001 |
N/A |
U (Unrated) |
| Donahue Securities, Inc. |
Cincinnati, OH |
2/26/2001 |
108.65 |
U (Unrated) |
| MPI Financial |
Columbus, OH |
1/29/2001 |
.00 |
U (Unrated) |
| Cambridge Capital LLC |
Garden City, NY |
1/21/2001 |
.01 |
U (Unrated) |
| Spectrum Investment Services, Inc. |
Mishawaka, IN |
1/16/2001 |
.06 |
U (Unrated) |
|
2000
| Brokerage Firm |
Headquarters |
Date of
Failure |
At Date of Failure |
Total Assets
($Mil) |
TheStreet.com Safety
Rating |
| Morgan Grant Capital Corp |
Garden City, NY |
9/29/2000 |
N/A |
U (Unrated) |
| Klein Maus & Shire, Inc. |
New York, NY |
8/28/2000 |
N/A |
U (Unrated) |
| Meridian Asset Management Inc. |
Tallahassee, FL |
7/26/2000 |
.02 |
U (Unrated) |
| Bestrade, Inc./Bluestone Securities, Inc. |
El Monte, CA |
3/2/2000 |
.01 |
U (Unrated) |
| New Times Securities Services, Inc. |
Melville, NY |
2/17/2000 |
.44 |
U (Unrated) |
|
1999
| Brokerage Firm |
Headquarters |
Date of
Failure |
At Date of Failure |
Total Assets
($Mil) |
TheStreet.com Safety
Rating |
| Churchill Securities, Inc. |
Suffern, NY |
12/13/1999 |
N/A |
U (Unrated) |
| Sunpoint Securities, Inc. |
Longview, TX |
11/19/1999 |
355.28 |
U (Unrated) |
| Texas Capital Securities |
Houston, TX |
11/17/1999 |
N/A |
U (Unrated) |
| GFB Securities, Inc. |
East Meadow, NY |
9/15/1999 |
N/A |
U (Unrated) |
| Millennium Securities Corp |
New York, NY |
8/11/1999 |
N/A |
U (Unrated) |
| R.D. Kushnir & Co. |
Northbrook, IL |
7/14/1999 |
.03 |
U (Unrated) |
| John Dawson & Associates |
Chicago, IL |
4/13/1999 |
.92 |
U (Unrated) |
| Duke & Co., Inc. |
New York, NY |
3/24/1999 |
.29 |
U (Unrated) |
| CPA Advisors Network, Inc. |
Providence, RI |
2/12/1999 |
1.65 |
U (Unrated) |
| Bishop, Allen Inc. |
New York, NY |
1/29/1999 |
N/A |
U (Unrated) |
|
1998
| Brokerage Firm |
Headquarters |
Date of
Failure |
At Date of Failure |
Total Assets
($Mil) |
TheStreet.com Safety
Rating |
| Michael William Ribant dba Trinity Capital |
San Diego, CA |
11/16/1998 |
.86 |
U (Unrated) |
| First National Equity Corp. |
New York, NY |
11/4/1998 |
.00 |
U (Unrated) |
| Nichols, Safina, Lerner & Co. |
New York, NY |
10/30/1998 |
.00 |
U (Unrated) |
| Euro-Atlantic Securities, Inc. |
New York, NY |
10/7/1998 |
.51 |
U (Unrated) |
| Chimneyville Investments Grp. Inc. |
Jackson, MS |
9/3/1998 |
.71 |
U (Unrated) |
| Primeline Securities Corp. |
Wichita, KS |
1/9/1998 |
.10 |
U (Unrated) |
|
1997
| Brokerage Firm |
Headquarters |
Date of
Failure |
At Date of Failure |
Total Assets
($Mil) |
TheStreet.com Safety
Rating |
| Chicago Partnership Board Inc. |
Chicago, IL |
12/15/1997 |
12.39 |
U (Unrated) |
| Cressida Capital, Inc./Norfolk Securities Corp |
New York, NY |
11/7/1997 |
.31 |
U (Unrated) |
| Chase Global Securities, Inc. |
Cleveland, OH |
9/22/1997 |
N/A |
U (Unrated) |
| M. Rimson & Co, Inc. |
New York, NY |
9/11/1997 |
.05 |
U (Unrated) |
| Selheimer & Co. |
Ambler, PA |
9/8/1997 |
N/A |
U (Unrated) |
| Cygnet Securities, Inc. |
Waldwick, NJ |
8/26/1997 |
30.61 |
U (Unrated) |
| W.S. Clearing Inc. |
Glendale, CA |
3/12/1997 |
212.38 |
U (Unrated) |
| First Interregional Equity Corp. |
Milburn, NJ |
3/10/1997 |
356.11 |
U (Unrated) |
| Vision Investment Group Inc. |
Williamsville, NY |
2/3/1997 |
.01 |
U (Unrated) |
| Stratton Oakmont, Inc. |
Lake Success, NY |
1/29/1997 |
3.72 |
U (Unrated) |
|
1996
| Brokerage Firm |
Headquarters |
Date of
Failure |
At Date of Failure |
Total Assets
($Mil) |
TheStreet.com Safety
Rating |
| Old Naples Securities, Inc. |
Naples, FL |
8/28/1996 |
.67 |
U (Unrated) |
| AmerinNational Financial Services Inc. |
Santa Monica, CA |
7/29/1996 |
.00 |
U (Unrated) |
| A.R. Baron & Co., Inc. |
New York, NY |
7/1/1996 |
37.12 |
U (Unrated) |
| Barrett Day Securities, Inc |
New York, NY |
6/26/1996 |
N/A |
U (Unrated) |
| MBM Investment Corporation |
Houston, TX |
6/3/1996 |
1.61 |
U (Unrated) |
| Hanover, Sterling & Co. Ltd. |
New York, NY |
4/16/1996 |
.05 |
U (Unrated) |
| Pinnacle Financial Inc./H.L. Camp & Co. Inc. |
Nashville, TN |
3/1/1996 |
.78 |
U (Unrated) |
|
1995
| Brokerage Firm |
Headquarters |
Date of
Failure |
At Date of Failure |
Total Assets
($Mil) |
TheStreet.com Safety
Rating |
| Consolidated Investment Services |
Littleton, CO |
10/16/1995 |
5.28 |
U (Unrated) |
| Harrington Securities Corp. |
Williamsville, NY |
8/10/1995 |
N/A |
U (Unrated) |
| Adler Coleman Clearing Corp. |
New York, NY |
2/27/1995 |
732.03 |
D (Weak) |
|
1990
| Brokerage Firm |
Headquarters |
Date of
Failure |
At Date of Failure |
Total Assets
($Mil) |
TheStreet.com Safety
Rating |
| Blinder, Robinson & Co. |
Englewood, CO |
7/30/1990 |
124.26 |
U (Unrated) |
|
1985
| Brokerage Firm |
Headquarters |
Date of
Failure |
At Date of Failure |
Total Assets
($Mil) |
TheStreet.com Safety
Rating |
| Donald Sheldon & Co., Inc. |
New York, NY |
7/30/1985 |
57.95 |
U (Unrated) |
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