A nice idea, but ....

"To those who would prey on unsuspecting investors, this is a warning: Clean up your act, or we'll do it for you, - SEC chairman Arthur Levitt Jr., who told Congress that the commission will scrutinize sales practices at small and medium-sized brokerage firms to ferret out "rogue brokers."

It is a "grotesque mischaracterization of this industry [and should be] laid to rest."

-- Marc Lackritz, president of the Securities Industry Association, responding to Levitt.

Roniger "told me not to show the letter to anyone because Comer Coppie thought the comptroller would look bad if anyone found out about it."

-- Patricia Fry, a former budget analyst in state Comptroller H, Cod McCall's New York City office, on an official letter from McCall to his friend and then--mayor of New York City, David N. Dinkins. George Roniger and Coppie, senior members of McCall's staff, were concerned that the letter downplayed the city's budget

"Let's race it, folks. This is the political season. And this project is the biggest game in town."

--James Kerasiotes, Massachusetts secretary of transportation, commenting on negative publicity about the Central Artery/

Third Harbor Tunnel project in Boston.

"Let's be honest, discrimination exists everywhere. Because the remuneration is so high, lt's not as if Wall Street is very generously going to open up its arms and share the goodies."

Denise Santana, career program director for Sponsors for Educational Opportunity, which strives to increase the number of minorities in the finance industry.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER