Wednesday, November 3, 2010

EX-BROKERAGE OFFICIAL SAYS HE IS DUE $3 MILLION

[Thomas V. Blanton Jr.], 42, quit Pru-Bache not long after the firm was involved in claims and counterclaims with customers over margin debt calls that resulted from trading Swiss francs. The Maryland suit was filed by Dr. Laszlo N. Tauber, a Washington-area physician and investor. At one point, Dr. Tauber was involved heavily in foreign currency trading with Pru-Bache. According to Dr. Tauber's allegations, the aggregate volume of the transactions from May 1984 to February 1987 exceeded $600 million and generated about $6 million in commissions for Pru-Bache and other defendants.

Full text: Richmond Times - Dispatch, Mar 9, 1988

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