RJM Will Be Retail Broker; Newco Consortium Fading Fast


RMJ Securities Corp, a subsidiary of Exco International PLC, has taken the plunge into retail brokerage of fixed-income securities. RMJ has long been chomping at the bit to broaden its customer base, but recent events make the change "a matter of survival," according to RMJ president Richard Jackson.

"The business is changing fast and furious," says Jackson. "If you were a verbal broker and you didn't decide to go with the screens in 1975-76, you were out of business. We felt that if we didn't

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