SECURITIES
From Times Staff and Wire Reports
Three Brokers Barred: The SEC’s chief administrative law judge took the unusually harsh action of permanently barring from the securities industry the brokers, who were affiliated with a now-defunct penny stock brokerage. Judge Warren E. Blair imposed the penalty on Martin H. Engelman, who now works at the brokerage firm Chatsworth Dean & Co. in San Diego; Lawrence D. Isen, employed by Cohig & Associates in Solana Beach, Calif., and Peter P. Kim of Los Angeles. All had worked for Stuart-James Co., a penny stock brokerage that folded in 1990 after paying $1.9 million to settle civil charges. Blair ruled that the three had falsely assured customers that they were certain to make money on particular stocks.
