FX Markets

Lasser Cuts Phillips' 3 Year Contract Short 'Internal Differences Of Opinion' Cited

BROKERS

Suddenly, if not unexpectedly, on June 4, Lasser Marshall Inc., disassociated itself from Dave Phillips, manager of its 18 broker dollar/Deutsche mark desk and high-priced senior vice president. David Treadwell, an executive vice president at Lasser, said the split was the result of "internal differences of opinion."

Sources say that some of those differences had to do with the exorbitant compensation Phillips extracted from Lasser, one of the largest foreign exchange brokerage houses in the

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