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The Collapse of Brookstreet Securities

By James Turk | Articles | 25 June, 2007

June 25, 2007 – The terse Reuters announcement this past Friday contained only 101 words. Brookstreet Securities Corp., an Irvine, California broker-dealer, closed its doors on Friday after heavy losses in the collateralized mortgage obligation market, terminating at least 650 independent brokers, the firm’s president said. Brookstreet President Stanley Brooks said the firm faced heavyRead more

What New Record?

By James Turk | Articles | 4 June, 2007

June 4, 2007 – Last week the S&P 500 Index made a new all-time record high, finally joining the Dow Jones Industrial Average in that exulted territory. Much has been made of this news, and all types of reasons have been offered for the remarkable gains being scored by these major stock indices. However, whenRead more

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