Goodbody & Co.

Goodbody & Co. was a United States stock brokerage firm headquartered in New York City.

Founded in the 1880s, 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.^[1]

References

1. Glenn Fowler,"Harold Goodbody, 82, Executive of Stock Exchange Firm that Collapsed," New York Times, July 19, 1988.