Goodbody & Co.
Goodbody & Co. was a United States stock brokerage firm headquartered in New York City.
Founded in 1886 by Robert Goodbody after the demise of Goodbody, Glynn and Dow,[1] it was the most prominent victim of the Wall Street paperwork crisis of the late 1960s. At the time of its collapse, it was the fifth-largest stock brokerage in the United States.
To save its customers from loss, it was merged into Merrill Lynch in December 1970.
In 1976, the New York Stock Exchange determined that the firm's senior partner, Harold Goodbody, had filed false financial statements and failed properly to supervise the business. The exchange banned him from re-entering the stock brokerage business.[2]
Two notable companies were also set up by members of the same family - Goodbody Stockbrokers and A&L Goodbody Solicitors, both of which are still in operation as of December 2019.
References
- ^ Dorfman, Dan (January 27, 1975). "Ten Survivors of the Wall Street Crash: 'It Wasn't Very Pleasant'". New York Magazine: 35. Retrieved February 26, 2018.
- ^ Glenn Fowler,"Harold Goodbody, 82, Executive of Stock Exchange Firm that Collapsed," New York Times, July 19, 1988.