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August 28, 1994 - Image 11

Resource type:
Text
Publication:
Michigan Citizen, 1994-08-28

Disclaimer: Computer generated plain text may have errors. Read more about this.

D VER (AP) - Prudential Se-
curities says it sees nothing
wrong with a broker's decision to
use astrology to pic his winners
in the market.
Lowell Leme any, a stock
broke!' for Prudential Securities
Inc. in Colorado Springs, admits
he us the system to make his
choices.
OIly Young says she took
$15,000 of her r tirement mon y
to Prudential, only to be talk d
into a futur -tr ding account,
whe he lost $3,000.
She said sh wanted only the
most eonservativ investments
because she was getting old and
needed security in her r tire­
ment.
I t was more than a year after
her original investment that she
began to suspect something was
wrong. That was when he sent
her b. copy of his 1992 Annual
Report, a photocopied form let-
�c/.t.d Pr.. Wrlt.r
t r that h
"1 HAVE REF D the de-
cision-making and daily strat­
egy approach to assist me in
keeping an open mind, to assist
in compiling information and to
assist in rapid decision-making,"
the letter says.
And then, under item No.4,
"Market Model," he writes: "I be­
lieve more strongly than ever
. that the approach is very sound
and a rea] money-maker. I want
to continue to refine it as my
knowledge expands. Areas of ex­
ploration and emphasis for 1993
include: solar and planetary ey­
dies influences on the markets,
Elliott wave basic psychology -
decision-making enhancement
through elimination of perform­
ance-blocking fears and im­
proved utilization of intuition."
Prudential wouldn't let Le­
mesany speak to reporters. But
Bill Ahern, a company spokes­
man in N w York, said an astro­
logical bent is OK with
Prudential.
"It sounds to me that it's sim­
ply his approach to life," Ahern
said. "It sheds some light on his .
philosophy. Shows the customer
who he is and what he's think- •
ing. That's perfectly appropri-
OBITUARIES
Beatrice Peters
Mrs. Beatrice Peters, 83, died Au­
gust 10, at her home in Benton Harbor.
The funeral was held August 18, at
Robbins Brothers Chapel, Benton Har­
bor. Burial was in Crysta1 Springs
Cemetery.
Mrs. Peters was born February 12,
1911, in Leighton, Ala. .
Survivors Include: a son, Frank
Bates of Benton Harbor; a brother,
John Napier of Benton Harbor; a sister,
Gertrude Birch of Benton Harbor; nine'
grandchildren; slx great-grandchil­
dren; and three great-great-grandchil­
dren.
Catherine Hobbs
Mrs. Catherine Hobbs, 70, of Ben­
ton Harbor died August 11, at Mercy
Memorial Medical Center, St. Joseph,
after a long Illness.
The funeral was held August 19. at
Robbins Brothers Chapel, Benton Har­
bor. Burial was in Crystal Springs
Cemetery.
Mrs. Hobbs was born June 15,
1924, in Gunnison, Miss.
Survivors include: her husband,
Robert; a daughter, Ruby Hayes of
Benton Harbor; and two sisters, Lillie
Mae Davis and Melbider Miller, both of
Chicago
Cynthia Hill
Cynthia Hill, 80, of Benton Harbor
died August 11, at Mercy Memorial
Medical Center, St. Joseph.
The funeral was held August 17, at
Pilgrim Rest Baptist Church Benton
Harbor. Burial was in Crystal Springs
Cemetery. Arrangements was made
by Robbins Brothers Funeral Home,
Benton Harbor
Mrs. Hili was born March 9, 1914,
In Jackson, Miss.
Survivors include six grandchil­
dren; and three sisters. I rene Daniels
and Willie Hughes, both of Benton Har­
bor and Fairy Mae Webb of Hazen,
Ark She was preceded in-death by her
husband, Alvin K. Hill, in 979, and a
son, Alvin Hill, in 989
Reverend
Mathies Ky e
The Rev Mathies Kyle, 82, founder
arid former pastor 0 Golden Light MIS­
sionary Bapn Church, Benton Har­
bor, died (\ugus 7. a Mercy Memonal
..
Medical Center, St. Joseph, after a
long Illness.
The funeral was held August 11 , at
the Golden Light Missionary Baptist
Church. Burial was In North Shore
Memory Gardens. Robbins Brothers
Funeral Home, Benton Harbor, was In
charge of arrangements.
Rev, Kyle was born April 1 , 1912, in
Aberdeen, Miss.
Survivors include: his wife, Annie;
two daughters, I da Kyle of Chicago and
Birdie lsom of Ypsilanti, Mich.; two
sons. Robert Kyle and Matthew Kyle,
both of Benton Harbor; three brothers,
Benjamin Kyle and Izleah Kyle, both of
Muskegon and David Kyle of Detroit;
15 grandchildren; and 20 great-grand­
children.
Joe Hutchinson
Joe Hutchinson, 51, of Benton Har­
bor died August 6, at Mercy Memorial
Medical Center, St. Joseph, after a
long illness.
The fvneral was held August 15, at
Robbins Brothers Chapel, Benton Har­
bor. Burial was in North Shore Memory
Gardens.
Mr. Hutchinson was born May 19,
1943, in Kenner, La
Survivors inlcude: a brother, Walter
Hutchinson of Benton Harbor, and four
sisters, Salle Wiiliams, Corine HUtchin­
son both of Benton Harbor, Julia Lewis
of Pontchatoula, la., and Laura
Hutchinson of Kenner, La.
Rosemary
Shepherd
Rosemary Shepherd, 67. of Benton
Harbor, died August 8, at Orchard
Grove Nurslnq Home, Benton Harbor,
after a long ii,lness.
The funeral was held August 12, at
the Pilgrim Rest Baptist Church, Ben­
ton Harbor. Burial was in Crystal
Springs Cemetery Arrangements was
made by Robbins Br hers Funeral
Home, Benton Harbor
Mrs Shepherd was born Decem­
ber 22 1926 She was rmerty em­
ployed as a practical nurse.
Survivors include' a son. Randy
Pnce of North Carolina; five sisters,
Ernestine Collins and Fiona Love, both
of Little Rock, Ark., Mac: Shepherd of
Oakland, Calif., Fiona York of Chicago,
and Mary Shepherd of Texas; four
brothers, Raymond hepherd of Oak­
land, Calif, Veodis Stamps anrl vVaJ�er
Hop ms. both of Los Angeles, Calif .•
anti Jerry Shep erd 0 Li Ie Roc .. Ark
ate."
just my opinion."
only th m co rvati in-
tm nts, A federal securiti
regulation ys bro ers have a
duty to know their clien and
keep th m away from inappro­
priate inv stments.
Young, now 66, claims no to
have known what future trad­
ing was, But after she found out,
Securiti regul or id
there' nothing that says it
d n't work.
"Whocan yy orn y,
Phil Feigin, Color do S
Commi ioner. "The ar
sorts of people who've found cor-
relations to p iet th mark t
In my opinion, it's about as us -
ful as throwing darts. But that's
THE TROUBLE 1 this
case is that Young probably
houldn't have had her money in
futures trading in th first place.
Sh was 63 at th time of her
investment ith Prudential.
She made about $7,000 a year.
And she claims to have explicitly
told Lemesany that h wanted
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