SEC Pitt ends the investigation of Brokerage houses chicanery!

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#1919

From: Monte
Date: Thu, 18 Jul 2002 14:57

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http://www.msnbc.com/news/782180.asp

Read the WHOLE story.  Why did Harvey Pitt the SEC chairman end the
investigation last year?  You say "So what! There is no harm in a
brokerage house saving a few shares of an IPO for prime accounts."
Think again, it's theft of monies from the IPO's issuing company.
They held back shares and THEN after the price went up sold them to
friends etc for the reserve opening amount.  Millions of dollars were
lost to the issuing company, yet the SEC failed to indict and simply
closed the investigation last year.  One can only guess as to the
outcome of this new revelation.

Pitt has to go, PERIOD!  Write your congress-critter, your Senator,
hell scream it at your neighbor.


Monte
"Today's public figures can no longer write their own speeches or books,
 and there is some evidence that they can't read them either." ---Gore Vidal

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From: montep@email.com (Monte)
Newsgroups: tx.general,houston.general,ny.general,ca.general
Subject: SEC Pitt ends the investigation of Brokerage houses chicanery!
Date: Thu, 18 Jul 2002 14:57:22 GMT
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