---

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: THURSDAY, January 21, 1993                   TAG: 9301220357
SECTION: BUSINESS                    PAGE: C4   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

---

IN BUSINESS

Plan would publicize brokerage penalties

The Board of the National Association of Securities Dealers is expected to recommend a plan making more information publicly available about disciplinary action against brokerage firms and their registered representatives.

Under the proposal, the Central Registration Depositary system would provide final arbitration decisions and the size of penalties assessed against against brokers and brokerage firms. The public can reach the system through a toll-free telephone number.

The system also provides information about criminal convictions reported to the dealers' association by the securities industry and the Justice Department. If approved by the association's board, the change would require ratification by the SEC to take effect.

- The New York Times

State piers expect more cargo this year

NORFOLK - State-owned piers in Hampton Roads should handle slightly more cargo this year, a port official said.

Joseph A. Dorto, chief executive officer of Virginia International Terminals, said Tuesday he expects an increase of 2 percent to 5 percent in cargo volume in 1993.

The state-owned piers run by Virginia International handled 7.6 million tons of cargo last year, up 0.4 percent from 1991. But the ports must continue to be aggressive, Dorto said.

"We played defense in '92. Now we're ready to go back on the attack," he said. - Associated Press

---