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He, too, invested in auction-rate securities through UBS.
The Fed announced Wednesday that it intended to buy $600 billion in Treasury securities through June.
Also included are family members who acquire the securities through gifts or domestic relations orders.
The tie-up allows a trader sitting in London to buy and sell Brazilian securities through Chicago's Globex trading system.
Schwab charges customers as much as $75 or $100 or more to buy or sell securities through traditional channels.
* Banner Industries has filed with the Securities and Exchange Commission for $75 million of debt securities through Drexel Burnham Lambert.
The buyback offer does not extend to customers who bought the securities through other firms or advisers, he said.
This enormous holding was built up largely in the wake of the financial crisis as the Fed bought these securities through two rounds of quantitative easing.
To help facilitate the deal, the central bank agreed to buy $29 billion of Bear's mortgage-related securities through a vehicle named Maiden Lane.
Fannie Mae is offering $500 million in real estate mortgage investment conduit securities through Bear , Stearns & Company $300 million through Goldman , Sachsand $300 million through Nomura Securities.
Laurence D. Fink, BlackRock's chairman and chief executive, said his firm would invest in a broad range of mortgages and related securities through the Treasury plan.
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