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No money at First Money.

No Money At First Money

Two months ago, we whispered that FirstMoney Securities, a local bond house, had cut its 10-man staff in half and was undergoing some troubles. Well, the latest word is the doors are closed, no one answers the phone and the Memphis home office says the Little Rock branch was officially closed in June.

We haven't heard what happened to the bond daddies on staff but one has reportedly gone back to his roots. Billy McCord, who achieved instant fame a few years back when United Capital received a $525,000 securities fine under his leadership,. is now reportedly back selling cars.
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Title Annotation:Whispers; FirstMoney Securities
Publication:Arkansas Business
Date:Sep 24, 1990
Words:106
Previous Article:Fame and Fortune.
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