Miscellaneous

• Albertsons will be Albertsons

  Staff Writer | February 20, 2006 11:23 PM | 0 CommentsGrand Junction, CO

  A New York City investor group has acquired all Albertsons stores in the Rocky Mountains, the Southwest, Florida, northern California and in the Dallas-Fort Worth area. The stores, including the three Albertsons in Grand Junction area, will be operated under the Albertsons name on an ongoing basis.Cerberus Capital Management, based in New York City, leads the investor group which includes...

• $2.6 Million "Fixer-Upper"

  Staff Writer | February 20, 2006 10:57 PM | 0 CommentsColorado Springs, CO

  An industrial facility at 9965 Federal Drive was recently purchased by Corporate Office Properties Trust. The site, previously owned by Intel Corporation sits on an 11-acre parcel and during the early 1990s, housed Ford Microelectronics research and development center. COPT will spend nearly $3 million to renovate the 60,000 square-foot office and lab building.

• Online Brokerage Changes

  Staff Writer | February 14, 2006 3:13 PM | 0 CommentsDenver, CO

  TD Ameritrade Holding Corp was recently formed with the merger of TD Waterhouse and Ameritrade Holding Corp. The merger is but one of a several significant consolidations in online brokerage. E-Trade Financial Corp. announced acquisitions of HarrisDirect from Toronto-based BMO Financial in August and BrownCo from JP Morgan Chase & Co. in September.Like most online brokers, the new TD Ameritrade...

• Marriott Buys Cheyenne Hynds

  Staff Writer | February 14, 2006 11:43 AM | 0 CommentsDenver, CO

  Mariott chain to restore historic downtown Cheyenne structure to house TownePlace Suites, says it's "excited to keep it as is."The Wyoming Tribune published a follow-up piece about the $9-10 million dollar renovation project:By summer, work may have started on a new hotel in downtown Cheyenne.On Thursday executives from Capital Management Inc. announced they have won the franchise to build a...

• Chipotle Sizzles

  Staff Writer | February 01, 2006 6:32 PM | 0 CommentsDenver, CO

  The Rocky Mountain News reports that Denver-based Chipolte Mexican Grill Inc.'s shares more than doubled on the first day of trading after McDonald's Corp. took the fast-growing chain public.Click here to see the full text of this article.

• Rocky Mtn Securities and Investments

  Staff Writer | January 30, 2006 7:45 PM | 0 CommentsDenver, CO

  According to an administrative order filed by the Securities and Exchange Commission, Stephen J. Horning, president of the failed Rocky Mountain Securities and Investments Inc. failed to take steps to avoid the financial collapse of the investment firm in February 2003. An administrative-law judge will hold a hearing to determine if the allegations are true. Horning, of Aurora, could face...

• Sports Authority Leads State Index Rise

  Staff Writer | January 30, 2006 7:43 PM | 0 CommentsDenver, CO

  The Sports Authority's 18 percent gain led the rise of an index of Colorado stocks. Credo Petroleum Corp's stocks rose as well.

• Edward D. Jones Fined for Recommending Favored Mutual Fund

  Staff Writer | January 30, 2006 7:42 PM | 0 CommentsDenver, CO

  In December of 2004, Edward D. Jones entered into an Admission Waiver and Consent ("AWC") with the National Association of Securities Dealers (NASD) and was issued a Cease and Desist Order from the SEC, which resulted in fines totaling $75 million for failing to properly disclose to its clients the extent and nature of its relationship with what came to be known as "the Preferred Family of...

• Brokers Have Duty to Recommend only Suitable Investments

  Staff Writer | January 30, 2006 7:41 PM | 0 CommentsDenver, CO

  Among the numerous rules and regulations governing the securities industry, two stand out as guiding principals by which all business is to be conducted. One is to deal fairly, and the second is, "know your customer." The former is somewhat amorphous, a general precept that governs all actions; the latter is designed specifically to crystallize the proper relationship between the broker and the...

• Securities Fraud or Just a Bad Market

  Staff Writer | January 30, 2006 7:40 PM | 0 CommentsDenver, CO

  Securities Fraud can be defined as negligence or a misrepresentation or omission in connection with the purchase or sale of a security by an investment professional. Although everyone invests with the goal to increase worth, a losing investment does not necessarily equate to a cause of action against the broker for securities fraud, nor do gains on investments necessarily equate to the lack of...