51.   His days are full of meetings focused on what the firm must do to survive.

52.   His firm has not done any underwriting for Schwab.

53.   If an introducing broker cannot immediately meet its obligations, its clearing firm must do so.

54.   If an introducing broker cannot immediately meet its obligations on behalf of its customers, its clearing firm must do so.

55.   In a report, the regulators urged the firms to do a better job of screening potential customers and to disclose more fully the risks.

56.   In an attempt to combat securities fraud among small over-the-counter stocks, the Securities and Exchange Commission has proposed that brokerage firms do more of the policing.

57.   In most cases, he said, venture firms will do anything to protect their investors, and to produce the best possible returns for them.

58.   Investment firms do much of their trading in other sorts of assets.

59.   International sales are also picking up the slack in unit sales as foreign firms computerize their drafting operations, something U.S. firms did years ago.

60.   It is the first time any brokerage firm has done this, but it may not be the last.