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ESM Government Securities information


ESM Government Securities, Inc.
Founded1975; 49 years ago (1975)
Founder
  • Ronnie Ewton
  • Robert Seneca
  • George Mead
DefunctMarch 4, 1985; 39 years ago (1985-03-04)
FateShut down by Securities and Exchange Commission
Multiple employees imprisoned
HeadquartersFort Lauderdale, Florida, U.S.
ServicesGovernment securities dealing

ESM Government Securities, Inc. was a Fort Lauderdale, Florida-based government securities dealer, specializing in repurchase agreements and reverse repurchase agreements. The failure of the company in March 1985 precipitated the collapse of Home State Savings Bank, deposit runs on dozens of other banks in Ohio, and the downfall of the private Ohio Deposit Guarantee Fund.

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ESM Government Securities

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ESM Government Securities, Inc. was a Fort Lauderdale, Florida-based government securities dealer, specializing in repurchase agreements and reverse repurchase...

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Repurchase agreement

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a form of short-term borrowing, mainly in government securities. The dealer sells the underlying security to investors and, by agreement between the...

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Home State Savings Bank

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in 1977 by President Jimmy Carter. ESM Government Securities, Inc. of Fort Lauderdale, Florida, was a securities brokerage firm specializing in term...

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Birmingham Stallions

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was nearly derailed in mid-season. On March 4, ESM Government Securities, a Florida-based securities dealer owned by Tampa Bay Bandits co-owner Steve...

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Accounting scandals

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fraud, and investigations are typically launched by government oversight agencies, such as the Securities and Exchange Commission (SEC) in the United States...

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Eurasian Youth Union

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organization has branches in several countries. In 2011, the Government of Ukraine has branded the ESM as an extremist anti-Ukrainian organization, convicted...

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1986 USFL season

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securities fraud at Arky's company ESM Government Securities, sparked a bank run on Home State Savings Bank when it was revealed that most of ESM's money...

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Treaty establishing the European Stability Mechanism

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member states of the eurozone to found the European Stability Mechanism (ESM), an international organisation located in Luxembourg, to act as a permanent...

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European Stability Mechanism

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The European Stability Mechanism (ESM) is an intergovernmental organization located in Luxembourg City, which operates under public international law...

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Euronext Dublin

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markets - the Main Securities Market, the principal market for Irish and overseas companies; the Enterprise Securities Market (ESM), an equity market...

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European debt crisis

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rescue package from the ESM was earmarked for a bank recapitalisation fund and did not include financial support for the government itself. The crisis has...

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ArcSight

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approximately $1.5 billion. ArcSight launched version 5.0 of its Logger and ESM technology, as well as IdentityView 2.0. On October 22, 2010, it completed...

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European Financial Stabilisation Mechanism

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"ESM Board of Governors approves decision to grant, in principle, stability support to Greece". ESM. 17 July 2015. "Eurogroup statement on the ESM programme...

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Signals intelligence

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counter-countermeasures (ECCM); results of electronic support measures/tactical SIGINT (ESM); present or intended EMCON policy; equipment affected by EMCON policy."...

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European Financial Stability Facility

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Stability Mechanism (ESM) Greek government-debt crisis Global financial crisis Maiden Lane Transactions Term Asset-Backed Securities Loan Facility Troubled...

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Policy reactions to the eurozone crisis

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Troika (EC, ECB and IMF) outlining ESM shall offer a precautionary programme with credit lines for the Spanish government to potentially draw on if needed...

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Air India

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Air India took delivery of a Boeing 747-400 named Konark (registered VT-ESM) and operated the first non-stop flight between New York and Delhi. In 2000–01...

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Eurozone

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allowing for the ESM and a new ESM treaty to detail how the ESM would operate. If both are successfully ratified according to schedule, the ESM would be operational...

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Economy of Spain

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financial crisis. The ESM approved up to €100 billion in assistance although, in the end, Spain only drew €41.3 billion. The ESM programme for Spain ended...

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Holdout problem

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Stability Mechanism (ESM) has been installed in order to help out countries of the Eurozone in financial distress. In case of an ESM-approved sovereign...

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Treaties of the European Union

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Italian government. The proposed amendments include: The establishment of the ESM as a "backstop" to the Single Resolution Fund (SRF). Reform of ESM Governance...

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Cabinet of Eduard Heger

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the vote about ESM bailout for Greece, which SaS was against at the time, was connected with a vote of confidence in the government by then-PM Radičová...

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