"He sold investors on a business that for the most part did not exist," an assistant United States attorney, James R. Asperger, told jurors in opening statements.
Wall Street firms sold investors 68 issues, down from 73 for the comparable 1988 period.
Among the last on that list was Webvan, the online grocer that sold investors on donating $1.2 billion before it collapsed last year.
But in the United States, instead of burdening taxpayers, we sell investors the equivalent of high-priced lottery tickets each time one of these technologies arrives.
As a result, analysts were routinely selling investors down the river by promoting stocks purely to land banking business from companies.
In the municipal market, prices were little changed for the third consecutive day amid a drop in demand from mutual funds and selling buy investors to realize year-end tax losses.
The hell-" "You sold investors on an undertaking you didn't fully understand.
He and other Tenneco executives were in New York preparing an international road show to sell investors on Case stock.
Now, however, under super DRIP or no-load programs, a growing number of enterprises will sell investors those first shares commission-free, as well as subsequent ones.
The Czechoslovak Republic announced plans to sell foreign investors all or part of more than 50 state-owned enterprises.