1.   Brokerages fell amid concern about a widening payoff scandal engulfing the Big Four and its impact on revenue.

2.   Brokerages fell on concern about the impact on revenue of a widening payoff scandal that has engulfed the Big Four securities houses.

3.   Brokerages fell on concern about a widening payoff scandal engulfing the Big Four securities houses and its impact on revenue.

4.   A widening payoff scandal also continued to discourage many investors.

5.   A widening payoff scandal in Japan also continued to discourage many investors ahead of the weekend, traders said.

6.   Brokerage shares ended lower Wednesday but the broader Tokyo market shook off an early decline brought on by worries about a widening payoff scandal at Japanese securities companies.

7.   In Tokyo, brokerage shares fell but the broader Tokyo market shook off an early decline brought on by worries about a widening payoff scandal at Japanese securities companies.

8.   Investors were further discouraged by Japanese news reports Friday that a former vice president of Yamaichi Securities Co. was being questioned by Tokyo prosecutors in a widening payoff scandal.

9.   Investors were also discouraged by Japanese news reports Friday that a former vice president of Yamaichi Securities Co. was being questioned by Tokyo prosecutors in a widening payoff scandal.

10.   Many traders continued to hold back to watch developments in a widening payoff scandal involving Nomura Securities and Dai-Ichi Kangyo Bank.