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From: wetcw@pyuxa.UUCP (T C Wheeler)
Newsgroups: net.invest
Subject: FJS and Horses
Message-ID: <871@pyuxa.UUCP>
Date: Thu, 5-Jul-84 15:44:12 EDT
Article-I.D.: pyuxa.871
Posted: Thu Jul  5 15:44:12 1984
Date-Received: Fri, 6-Jul-84 00:46:23 EDT
Organization: Bell Communications Research, Piscataway N.J.
Lines: 25

Ho boy, have you hit on one strange outfit.  For the life of
me I can't understand how this company, First Jersey Securities,
ever made money once they showed the Company President looking
over his stable of horses.  I began to get suspicious when I
saw this ad.  Who would want to invest with someone who played
the horses, I said to myself.  The next thing I noticed was that
the guy had bought a horse farm in Tinton Falls, N. J..  He then
proceeded to turn the place into a showcase.  He must have spent
$100,000 alone on MATCHED holly trees to plant all the way
around the place.  The barn he put up looks better than most
$250,000+ houses in the area.  The two gates to the place,
with guard shacks, tv, etc., look better than the entrance to
the White House.  He calls the place "DUE PROCCESS".  I wonder
what he means by that?  

I have a good friend down the street from me who works for
this outfit.  He has tried to interest me in investing with
them, but I have managed to weasel out of any commitments
without damaging the friendship, so far.  I have been reading
about FJS's problems for over two years now, so I would steer
clear( or is that stear?) of FJS.  From what I have read over
this period, FJS has a bad habit of churning accounts.  Good
for the company, but hell on your account.  I expect that
FJS will be visiting SEC soon for a reckoning.
T. C. Wheeler