11.   All-expenses-paid travel is a frequent reward for club members, though brokerage firms generally refer to trips as sales meetings.

12.   Already, a major investment bank and a small brokerage firm have gone under.

13.   Already, some online brokerage firms, hard hit by the collapse of the Nasdaq, are raising commissions and charging new fees, Smith said.

14.   Also unusual are the huge differences in the report cards of the brokerage firms that brought these offerings to market.

15.   Also looking at the outlook for other online brokerage firms.

16.   Although Dean Witter and other brokerage firms served individual investors, both they and their clients were at the far end of the financial food chain.

17.   An attorney representing the county in its suit against the brokerage firm saw the transcript differently.

18.   Amid the uproar over the conflicts of interest at traditional brokerage firms, Charles Schwab Corp. has begun rating stocks as part of its gradual move toward advising investors.

19.   An interest rate increase tends to rein in business in the bond markets and crimp the profits of brokerage firms.

20.   Among brokerage firms that serve individual, or retail, customers, he said, those that sell a variety of investment products and emphasize advice will rise faster.