Joseph A Marrone

Title: Joseph A Marrone: Innovator in Securities Brokerage Systems

Introduction

Joseph A Marrone is a notable inventor based in Copiague, NY (US). He has made significant contributions to the field of securities brokerage through his innovative patent. His work focuses on enhancing cash management systems within the brokerage industry.

Latest Patents

Joseph A Marrone holds a patent for a "Securities brokerage-cash management system with short term investment." This invention involves data processing for an improved securities brokerage-cash management system that supervises, implements, and coordinates a margin securities brokerage account. It allows for participation in one or more short-term investments and enables subscribers to unilaterally initiate the use of charge, debit, or checking instruments. The system applies subscriber expenditures, such as charge card use, checks, and cash advances, against the subscriber's free credit balance, short-term investment, and lendable equity in their securities account on a hierarchical basis. Periodically, transactions are verified to compute an updated credit limit for each subscriber. The short-term investments available to subscribers include an ordered ensemble of insured savings accounts.

Career Highlights

Joseph A Marrone is associated with Merrill, Lynch, Pierce, Fenner & Smith, a prominent financial services company. His role in the company has allowed him to apply his innovative ideas in a practical setting, contributing to advancements in the securities brokerage field.

Collaborations

Some of his coworkers include Thomas E Musmanno and Laura Carey. Their collaboration in the workplace has likely fostered an environment of innovation and creativity.

Conclusion

Joseph A Marrone's contributions to the securities brokerage industry through his patent demonstrate his commitment to innovation and improvement in financial systems. His work continues to influence the way brokerage accounts are managed and utilized.