Laura Carey

Title: Laura Carey: Innovator in Securities Brokerage Systems

Introduction

Laura Carey is a notable inventor based in New York, NY (US). She has made significant contributions to the field of securities brokerage through her innovative patent. Her work focuses on enhancing cash management systems within the brokerage industry.

Latest Patents

Laura Carey 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. Periodically, transactions are verified to compute an updated credit limit for each subscriber. The short-term investments available include an ordered ensemble of insured savings accounts.

Career Highlights

Laura is currently employed at Merrill, Lynch, Pierce, Fenner & Smith, where she continues to develop her expertise in financial systems. Her innovative approach has positioned her as a key player in the industry.

Collaborations

Laura has collaborated with notable coworkers, including Thomas E. Musmanno and Joseph A. Marrone, contributing to the advancement of their shared projects.

Conclusion

Laura Carey exemplifies innovation in the securities brokerage field with her unique patent and contributions to cash management systems. Her work continues to influence the industry positively.