OTHER NEWS - Dec. 4, 1991

Broker Agrees to Leave Industry: A Houston broker accused of losing more than $1 million of customers’ money through allegedly fraudulent activities has agreed to leave the securities industry permanently, regulators said. The Securities and Exchange Commission said it accepted John Marston’s settlement of administrative charges--without admitting or denying wrongdoing--in return for Marston’s permanent banishment from the securities industry. Marston was sentenced to 30 months in prison and ordered to pay $75,000 in restitution last week in Houston federal court after his conviction on related criminal charges. The SEC charged that Marston misled 200 investors who invested more than $6.4 million with him.