1.   In June a major scandal began to emerge involving securities dealers who had made secret compensation payments to favoured clients for losses incurred through taking their advice.

2.   Issues are managed by domestic security dealers or by merchant banks and are largely sold to investors resident in the UK.

3.   Banks have swallowed up virtually all trust and loans companies and most securities dealers over the last decade following rule changes in those industries, he said.

4.   A similar restriction, imposed by the Securities and Exchange Commission on securities dealers, has survived judicial challenge.

5.   But last week securities dealers began circulating among their own ranks and large customers the suggested interest rates, which could be adjusted up or down as needed.

6.   Elsewhere, municipal bond prices fell Monday amid a supply of new issues and continued selling by money managers and securities dealers.

7.   Entrants in the electronic race include individual entrepreneurs, banks, securities dealers, bond brokers and information purveyors like Bloomberg and Reuters.

8.   He has also represented several securities dealers in the wake of the Treasury bond scandal at Salomon Brothers.

9.   Huber is keeping an office in New York from which he is making the rounds of securities dealers and large investors.

10.   If they act so complacently, they will lose in competition with securities dealers and foreign banks.