SECURITIES

From Times Staff and Wire Reports

Judge Says Ex-Penny Stock Mogul's Assets Can Be Sold: A federal bankruptcy judge ruled in Denver that $125 million in personal assets held by former penny stock mogul Meyer Blinder and his wife can be sold to pay the debts of Blinder's collapsed financial empire. U.S. Bankruptcy Judge Roland Brumbaugh ruled that the couple's personal belongings, family trust and assets of Blinder's holding company, Intercontinental Enterprises Inc., should become part of Blinder, Robinson Inc. Before it was seized by federal marshals during an investigation of mismanagement, embezzlement and money laundering in 1989, Blinder, Robinson was one of the nation's leading penny stock dealers. It filed for bankruptcy protection in August, 1990.

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