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Financial services are also provided by insurance companies and security brokerages.
The Shanghai Composite Index sank 7.7% to 3,116.35 at close on Monday, after the China Securities Regulatory Commission (CSRC) banned the country's three biggest security brokerages — Citic Securities, Haitong Securities and Guotai Junan Securities — from opening new margin trading accounts for the next three months.
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To fund those ventures, LeEco borrowed billions of dollars from investors, with Jia using his own shares in Leshi Internet as collateral to secure funds from securities brokerages.
The biggest losses last month came in construction, securities brokerages, restaurants and retail stores, according to Ms. Denham.
Donahue doubled his sales force and targeted securities brokerages.
Based on Instinet's Earnings Evaluation Rank, most analysts are bearish on securities brokerages, despite the fact that they are forecast to show 14% profit growth in 2003.
The description of securities brokerage found in § 16, however, appears nowhere in § 20.
He previously had responsibility for attorneys handling technology services, intellectual property, securities brokerage, and insurance.
Morgan Stanley announced its merger with Dean Witter, Discover, a securities brokerage and credit-card group, last February.
Mr. Noel, 32, is a vice president at the Investment Technology Group, a securities brokerage in New York.
He was formerly a senior partner of Herzfeld & Stern, a securities brokerage firm in New York.
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