Banner Graphic, Volume 18, Number 156, Greencastle, Putnam County, 10 March 1988 — Page 3

Securities Division fingers two Indy penny stockbrokers for violations

-' INDIANAPOLIS (AP) An ex-branch manager and former star stockbroker were named by the state Securities Division in connection with suspected securities violations at Blinder, Robinson & Co., authorities said. • Frank A. Marra, 24, who was Blinder’s Indianapolis office manager until November, and David A. Sabens, 31, one of the office’s top-selling brokers before he left in November, were both charged Wednesday. * The Securities Division complaint could result in company President Meyer Blinder and the two individuals being stripped of their state broker registrations, prohibiting them from selling securities in Indiana for five years or longer. THE INDIANAPOLIS branch is part of a national brokerage firm known for its aggressive salesmanship of penny stocks. Consumer Complaints of misleading sales tactics had touched off investigations by federal and state securities agencies.

Deaf Hoosiers support Gallaudet cause

j INDIANAPOLIS (AP) Deaf •students from Indiana are among 'those who have expressed strong ♦opposition to the selection of a •hearing person to serve as president •at the nation’s only liberal arts col•lege for the deaf. ♦ “I felt it was like a slap on the [face,” said Laura Genrich, a 23-•ycar-old Indianapolis native who ♦was among students protesting the choice at Gallaudet University in ♦Washington, D.C. on Wednesday. • A MAJORITY of the 2,200 undergraduate students and 274 faculty members is asking that a deaf educator replace Dr. Elisabeth Ann Zinser. The school’s board of trustees named Zinser president on Sunday. Zinser, who began to learn sign

Murphree could lose kids in Swaggart’s wake

MOUNT CARMEL, 111. (AP) The woman who claimed she performed sexual acts far evangelist Jimmy Swaggart has been banned from seeing her children alone and could lose custody of them if she fails to appear in court next month, according to a judge’s ruling. * William C. Murphree, 31, of Fairfield, 111., sought the restraining order as part of his effort to gain legal custody of his children from his ex-wife, Debra Murphree. Wabash Circuit Judge Don A. Foster granted a temporary restraining order Tuesday prohibiting Ms. Murphree from seeing the children without the grandparents, Murphree or a court official present. Foster

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The state investigation, which began early last summer, examined 10 complaints received by the state from people who bought stock through Blinder’s local office, said Securities Commissioner Anne Nobles. The chaiges against Sabens stem from a joint purchase by an Indiana woman and an Illinois man of $2,575 worth of penny stock from Sabens last July. The buyers never completed customer account forms and Sabens never sent them confirmation of the trade, a prospectus for the company

language only this week, was an administrator at the University of North Carolina at Greensboro. She was chosen by a 10-4 margin over two deaf finalists who had hoped to become the first deaf president in the university’s 124-year history. Students have marched on the Capitol and staged a sit-in at the front gates of the campus. Two more marches are planned for today and Friday before students leave the campus for spring break next week, leaders said. “DR. ZINSER doesn’t understand my deaf culture. The worst thing of all is the sign language. We want a deaf president who knows our needs,” Genrich said. Gallaudet basketball star Brian Bippus, who was a star player at

will consider extending the restraining order on March 17. MS. MURPHREE, who is wanted on prostitution charges in Louisiana, did not appear in Wabash Circuit Court on Tuesday when the ruling was issued. Alice M. Jordan, Murphree’s attorney, said his client wants the restraining order for fear his exwife would take the children into hiding when she hears of his custody petition. After the former Mount Carmel couple divorced nearly six years ago, Ms. Murphree was given custody of their daughter, now 10, and sons, now 8 and 7. The children live with their maternal

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or the stock certificates, the complaint says. MARRA WAS charged for ‘‘failing to properly supervise an agent or employee.” The company was named for failing to deliver the certificates. The company and individuals have 15 days to respond to the charges and may demand a hearing to argue their innocence. If they do nothing, the state may proceed with the punishments, which also could include fines of $5,000 per violation, Nobles said. Blinder’s executives were travel-

the Indiana School fra 1 the Deaf, and his sister April, who also graduated from the school and is seeking a degree in business administration from Gallaudet, also oppose Zinser’s selection. “If we have a deaf president, then all the deaf children will look up to the president Brian thinks that will push the children to achieve their goals,” said April, who interpreted his sign language for the interview. Police estimated 400 students participated in the third day of the campus protest Wednesday. ALONG WITH demanding a deaf president, board of trustees Chairwoman Jane Spilman’s resignation has been requested and a gaol for a deaf majority on the 20-

grandparents in Patoka, Ind. Murphree, who has remarried, testified his ex-wife was “a selfadmitted prostitute and I don’t think she has any way other than that to support them (the children).” ASKED WHY HE believed that, Murphree testified, “She came forward with it after the Jimmy Swaggart incident and admitted it nationwide.” Murphree testified he visits his children “once or twice every other week, as often as I can.” He said his ex-wife sees the children “about twice a year, if that” The children have been raised by their grandparents for years,

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ing Wednesday and were unavailable for comment, a spokesman said. Blinder’s unorthodox sales methods also included a requirement that its brokers stand up at their desks when talking to clients, so their voices would project better and sound more confident. NOBLES SAID HER office has sent evidence of other questionable Blinder sales tactics, including possible excess commissions, to federal agencies that are investigating the company. Based in Denver, Blinder has operated an office in Downtown Indianapolis since 1986. Up to 20 brokers at a time have worked there, selling penny stocks by telephone to hundreds of people throughout the Midwest. Penny stock is sold for less than $1 a share in high-risk companies. It isn’t traded on established markets and has few buyers and sellers. Both Marra and Sabens presently work as brokers for Blinder in other states.

member board has been set, students said. Four of the current trustees are deaf. Lee Murphy, superintendent for the Indiana School for the Deaf, said, “I would support the contention that it was time for a deaf president of Gallaudet University.” Murphy is a former teacher at Gallaudet. “It has an effect on the morale of students. It’s like telling them they’re not qualified for something, so it’s a little bit of put-down for them,” said Murphy. Gallaudet, named for educator Thomas Hopkins Gallaudet, is less than a mile from Capitol Hill and receives 75 percent of its budget from Congress.

Murphree said. After the court appearance, Murphree declined to elaborate on the incident. Ms. Murphree must file and appear before the court by April 8 if she wishes to contest Murphree’s custody petition, Ms. Jordan said. If Ms. Murphree fails to show, the judge may consider whether Murphree is a “fit and proper parent” and deserves custody, Ms. Jordan said. The fact that Ms. Murphree’s whereabouts are unknown “makes it more difficult for us to show we’ve made every attempt to get her notice,” Ms. Jordan said.

Customer must hold the lion before getting power

INDIANAPOLIS (AP) A telephone repair crew balked at fixing a downed wire until their customer agreed to hold the lion. “They wrote on their work report, ‘Lion in yard. No way,”’ said Dannie Carper, 51, an Indiana Bell supervisor from South Bend who helped Indianapolis clean up from an early March ice storm that roared in like a you-know-what. Carper verified on Monday that the householder owned a year-old lioness named Chasta.

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March 10,1988 THE BANNERGRAPHIC

The owner agreed to leash her so that Carper could reattach the wire. “It was just a big old 225pound puddy tat,” he said. Carper had his picture taken with Chasta. “I have one where I’ve got my arms around her and she’s chewing on my shoe,” he said. “I wasn’t scared. But when she was chewing on my shoes I was afraid maybe she thought they were pigskin.” Chasta has found a new home on a farm in suburban Noblesville.

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