Founded in 1914 and owned by the sole partners William Frank McGee and Edward M. Fuller, by 1922 it was the largest brokerage on the Little Board.
That month, a woman was given a suspended sentence for threatening Fuller with a non-existent gun at his office over an alleged agreement between her, the brokerage, and Arnold Rothstein.
[3] In mid-July a new series of unexpected failures occurred at Consolidated, including Edward M. Fuller & Company,[3] which failed on June 27, 1922[1] for $6,000,000.
[3] Fuller of Great Neck, New York did not comment on the failure, while his partner William F. McGee of 73rd Street was also unavailable that day.
According to the Times, the next day employees filtered in to find no executives explaining the failure, and everything except furniture removed from the office spaces.
The Times also repeated the rumor that the firm's private files had been broken into and circulated directly after the failure, possibly by a clerk.
The division felt the two men had lost their citizenship through their felony conviction, and that a provision of law deemed them unfit.