his financial advisor decided to buy Diebold? Something smells.
According to Blackwell's letter, he does not approve individual stock selections but has instructed his money managers to avoid all conflicts of interest.
"Those instructions were not followed by the new financial manager" that took over the account last year, he said. This unidentified woman bought 178 shares of Diebold at $53.67 per share in January 2005, then sold 95 of them for a loss of $15.68 per share.