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VANDERBILT AUTHOR WARNS: BEFORE YOU INVEST, PROTECT YOURSELF

 NASHVILLE, Tenn., July 27 /PRNewswire/ -- The best time to protect your investment is before you make it, according to a Vanderbilt University law professor and author of a new book, "Investor's Rights Handbook" (Practising Law Institute, N.Y., 1993).
 "It's a good thing to win your rights after an investment has gone sour, but it's far better to plan your investment relationships and set up your transactions so that your rights are secure from the start," says author Larry D. Soderquist, who also serves as the director of Vanderbilt's Corporate and Securities Law Institute.
 For the past 20 years, Soderquist has studied and practiced law in the area of securities. His knowledge and experience prompted him to write a guidebook for the average investor.
 Written in simple, understandable language, the book gives concise answers to practical investment questions, such as:
 -- What are the most common scams, swindles and frauds?
 -- What if my broker doesn't execute my buy or sell order?
 -- What if my stock certificates are lost or stolen?
 -- What are the pluses and minuses of litigation or arbitration?
 -- How should I select a broker? A lawyer?
 -- Can pyramid schemes make money for investors?
 "One troublesome area concerns the broker who, little-by-little, gains the confidence of an unsophisticated investor and the broker subsequently takes over all the decision-making," Soderquist says. The broker then starts making more and more trades solely for the purpose of generating commissions.
 "This is called `churning,' and it's one of the most common scams around," Soderquist says. "To protect themselves, investors need to know that a turnover in an account in excess of six times annually generally indicates churning, and they can seek legal recourse."
 Many securities firms now are asking investors to sign contracts agreeing to arbitrate disputes, Soderquist says. "I recommend that investors protect themselves by crossing out any clauses regarding arbitration before signing the document."
 Soderquist is author or co-author of seven books and his videotapes on securities law have appeared on Court TV. He practiced on Wall Street and taught at Notre Dame before coming to Vanderbilt in 1980.
 Vanderbilt University is a private research university of approximately 5,500 undergraduates and 4,100 graduate and professional students. Founded in 1873, the University is comprised of 10 schools, a public policy institute and a distinguished medical center. Vanderbilt offers undergraduate programs in the liberal arts and sciences, education and human development, engineering and music; and a full range of graduate and professional degrees.
 -0- 7/27/93
 /CONTACT: Ellie Shick or Jean Moore of Vanderbilt University, 615-322-2706/


CO: Vanderbilt University ST: Tennessee IN: SU:

LV -- NYFFNS3 -- 5991 07/27/93 06:48 EDT
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Date:Jul 27, 1993
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