Article View: tx.general
Article #1928Re: SEC Pitt ends the investigation of Brokerage houses chicanery!
From: Mark Probert
Date: Fri, 19 Jul 2002 15:08
Date: Fri, 19 Jul 2002 15:08
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4496 bytes
"Monte" <montep@email.com> wrote in message news:3d392281.135754965@news.ev1.net... > On Fri, 19 Jul 2002 07:27:31 -0400, "Mark Probert" > <mark_probertREMOVEGARBAGE@hotmail.com> wrote: > > > > >"Monte" <montep@email.com> wrote in message > >news:3d385d5e.85288127@news.ev1.net... > >> On Thu, 18 Jul 2002 18:19:13 -0400, "Mark Probert" > >> <mark_probertREMOVEGARBAGE@hotmail.com> wrote: > >> > >> >BTW, I am looking for the actual date that the SEC dropped the > >> >investigation, not just some statement that says 'last year.' I have this > >> >problem of liking specifics... > >> > > >> > > >> > >> Hmmmm, you may like specifics, but with your reading abilities that > >> must make it terribly difficult for you. So here is an extract from > >> the URL:(note the first sentence of the second paragraph) > >> > >> "....Such alleged IPO spinning where securities firms silently > >> allocate chunks of hot new stocks to the personal brokerage accounts > >> they hold for corporate executives was temporarily rooted out four > >> years ago, when regulators investigated the practice after disclosures > >> by The Wall Street Journal. > >> > >> But regulators never brought any charges the SEC ended its > >> initial investigation last year, said people familiar with the matter > >> and spinning revived in a big way during the later part of the > >> technology-stock bubble. Getting IPO shares during the dot-com boom > >> was akin to being handed a windfall, on paper at least. Thus, it was > >> very difficult for most investors to get shares. Wall Street firms, > >> which have great leeway in deciding who gets the shares, generally > >> reserved much of the stock for their most-favored customers, typically > >> wealthy investors and big mutual funds." > > > >Thanks for your kind help. > > > >The real problem I have is with your attack on Pitt. He was appointed on > >August 3, 2001. When was he confirmed? If he was not running the show when > >the invesdtigation was shut down, then, you are quite wrong. > > > You are indeed one of the more obtuse participants. I didn't write > the article, that was done by the Wall Street Journal, which not known > as a bastion of liberal thought, I presume have some basis in fact to > substantiate the story. I am not doubting the story. I am doubting the link to Pitt, which you made. Can you discern the difference? > > >So, you can see what specifics can do for the showing of ones intelligence. > > > Yeppers, the specifics of who gets blamed for that story, the author > or the referring poster certainly would seem to be an indicator of the > complainers intelligence. That was the other problem I had with your post... > >BTW, I went to HS with Harvey. > >Have a nice day. > > > > Hmmm, somebody went to school with Jeff Skilling, Millkin, Neil Bush, > Billy Sol Estes, Jeffrey Dahmer! Are you implying that attributes of > ones schoolmates rub off on those around them? No. Rubbing off is the wrong term...
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 106ed4,ebc0736b1d8f0bea X-Google-Attributes: gid106ed4,public X-Google-Thread: 10a12a,ebc0736b1d8f0bea X-Google-Attributes: gid10a12a,public X-Google-Thread: 103916,ebc0736b1d8f0bea X-Google-Attributes: gid103916,public X-Google-Thread: 109097,ebc0736b1d8f0bea X-Google-Attributes: gid109097,public X-Google-ArrivalTime: 2002-07-19 08:07:11 PST Path: arc1-ca.pugleaf.net!archiver1.google.com!news1.google.com!newsfeed.stanford.edu!skynet.be!skynet.be!fu-berlin.de!uni-berlin.de!ool-18b85872.dyn.optonline.NET!not-for-mail From: "Mark Probert" <mark_probertREMOVEGARBAGE@hotmail.com> Newsgroups: tx.general,houston.general,ny.general,ca.general Subject: Re: SEC Pitt ends the investigation of Brokerage houses chicanery! Date: Fri, 19 Jul 2002 11:08:07 -0400 Lines: 77 Message-ID: <ah99ur$qlqgj$1@ID-78438.news.dfncis.de> References: <3d36d5d0.50586078@news.ev1.net> <ah749g$qhabb$1@ID-78438.news.dfncis.de> <3d373555.75039621@news.ev1.net> <ah7er9$qpe7q$1@ID-78438.news.dfncis.de> <3d385d5e.85288127@news.ev1.net> <ah8t17$rmrl3$1@ID-78438.news.dfncis.de> <3d392281.135754965@news.ev1.net> NNTP-Posting-Host: ool-18b85872.dyn.optonline.net (24.184.88.114) X-Trace: fu-berlin.de 1027091227 27978259 24.184.88.114 (16 [78438]) X-Priority: 3 X-MSMail-Priority: Normal X-Newsreader: Microsoft Outlook Express 6.00.2600.0000 X-MimeOLE: Produced By Microsoft MimeOLE V6.00.2600.0000