Under his leadership, the New York-based firm expanded globally.
The New York-based firm went bankrupt in 1972.
Although several New York-based firms have opened large back-office operations in Jersey City, the exchanges would have been the first major front offices based there.
The New York-based firm also agreed to hold classes for its California auditors.
By his own estimation, his New York-based firm has distributed more than $4 billion in damages to investors over the last 20 years.
Forstmann Little, a New York-based firm that specializes in leveraged buyouts, said it had no comment on the offer.
He joined Grey Advertising in 1963 and played a role in its growth from a small New York-based firm into a worldwide billion-dollar agency.
Each of the three New York-based firms advised on deals announced in 1999 with a combined value of more than $1 trillion.
IvyWise is a for-profit New York-based firm of educational consultants that assists students pursuing admission to college.
Augustus K. Oliver, a partner in the New York-based firm, said it had a policy of not commenting on its trading activity.