Since when does the Federal Reserve Bank broker a bailout of an investment firm that was a victim of nothing more than its own bad judgment?

The Big Three and the bank brokers usually charge by a transaction's dollar value - number of shares times price - while deep discounters charge by share number.

To position itself to serve this burgeoning market, the investment banking broker- dealer purchased Cheviot Capital Corporation, in 1987, and began assembling, led by Jeff Werbalowsky and Irwin Gold, what would become an active, dominant worldwide financial restructuring group.

Jenkens & Gilchrist Attorneys, Former BDO Seidman CEO and Deutsche Bank Broker Found Guilty in New York of Multi-Billion Dollar Criminal Tax Fraud Scheme(11-676)

But bank regulators, meanwhile, are hot on the case: in a move worthy of Inspector Clouseau, the Federal Deposit Insurance Corporation sent up a flare in recent weeks that it would be dispatching mystery shoppers to see if bank brokers were selling mutual funds honestly.