Refco: Weak Regulatory, Technology Links Exposed. (cover story)

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    • Abstract:
      Reports on the demise of New York-based derivatives brokerage Refco. Impact of the failure of Refco on smaller financial institutions depended on the company; Complaint of Glenn Grossman, founder of Dinosaur Securities, on the clearing business of Refco; Percentage of stake held by Refco at Forex Capital Markets of New York.