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   Microcap & Penny StocksECNC (OTC:BB) - eConnect


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To: roulette who started this subject5/12/2004 8:18:03 PM
From: yomaz
   of 18222
 
Kharma Is A Beautiful Thing...

<<<DJ NASD Appeals SEC Order To Overturn Elgindy Decision

By Carol S. Remond
A Dow Jones Newswires Column

NEW YORK (Dow Jones)--In an unprecedented move, NASD is appealing a
Securities
and Exchange Commission's decision to set aside an NASD disciplinary ruling.

In a petition filed last week with the United District Court of Appeals
for
the District of Columbia Circuit, NASD asked the court to review a March 10
SEC
order that overturned most of an NASD decision against Anthony Elgindy.

NASD is a self-regulatory organization that oversees broker dealers and
most
members of the financial community. NASD routinely investigates and brings
regulatory actions against firms or individuals found to have violated
federal
securities laws.

In a very unusual set of circumstances, NASD, which itself is regulated
by
the SEC, seems to have decided that the Elgindy case is important enough to
take
on its own regulator.

NASD had found that Elgindy and Key West Securities Inc, a brokerage firm
he
owned, attempted to manipulate the market for Saf T Lock stock in 1997. NASD
in
2003 barred Elgindy from association with any NASD firm, expelled Key West
and
fined Elgindy and his firm $51,000.

Elgindy appealed the NASD decision to the SEC. And in an embarrassing
defeat
for the NASD, the SEC in March dismissed most of the findings, overturning
Elgindy's ban, his firm's expulsion and ordering that $50,000 of the
original
$51,000 fine be dismissed.

A controversial short seller, Elgindy is now in jail awaiting trial on
criminal charges of securities fraud and racketeering. He was recently
arrested
at a New York airport attempting to board a plane with a fake
identification.
Elgindy and five co-defendants were charged in 2002 on charges they
conspired to
drive down the price of the shares of companies they targeted in a
short-selling
scheme which involved the use of confidential government information.

A spokeswoman for the NASD declined to comment.
-By Carol S. Remond; Dow Jones Newswires; 201 938 2074;
carol.remond@dowjones.co>>>

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To: dkgross who wrote (18204)10/20/2004 9:08:22 AM
From: SCOOBEY-DO
   of 18222
 
Hi Ron, Dave and Friends, It has been a long time and I am just checking to see how everyone is doing.

Dave, I believe that Harry Hargens was the one that did most of the talking at the shareholders meeting the year that I attended it. I had asked Tom why he didn't make Harry President since he was very knowledgeable. There was some friction between them at the time. I was very much behind ECNC before I attended the meeting but the meeting gave me a very funny feeling and I ended up backing off from ECNC. Should have waited until Tom ran the price up before getting out of ECNC. Oh well.

Good luck to you all. It sounds like a number of investors are starting to feel more comfortable with the market once more.

Take care.

Scoob

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To: SCOOBEY-DO who wrote (18206)10/20/2004 9:37:58 AM
From: dkgross
   of 18222
 
SCOOOOB!!! How the heck are ya!!! Pop me an email and let me know how to reach ya!!!

I still hang over on The Golden Lists here, and on Investors Hub more than anywhere else.

Good to hear from ya!!! Hope you survived the hurricanes!

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To: dkgross who wrote (18207)11/11/2004 3:57:08 PM
From: StockDung
   of 18222
 
ecnc cyberlaw.stanford.edu

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To: StockDung who wrote (18208)11/11/2004 5:45:54 PM
From: dkgross
   of 18222
 
Thanks!!! Permission to share that with a few other boards?

As I've said in the past, you indeed were right about ECNC, and justice did prevail. I only wish the SEC could catch more of these people...

FOR EXAMPLE: AFRD

dave

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To: dkgross who wrote (18209)11/11/2004 6:56:17 PM
From: StockDung
   of 18222
 
no need. its is the sec's slide show and not mine

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To: StockDung who wrote (18210)11/12/2004 1:07:56 AM
From: dkgross
   of 18222
 
thanks!

you read my little thread on AFRD?

:)

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To: dkgross who wrote (18211)10/13/2005 9:19:35 AM
From: scoobypax
   of 18222
 
Yoohoooooo?

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To: scoobypax who wrote (18212)10/14/2005 10:25:28 AM
From: dkgross
   of 18222
 
helooooooooooooooooo

(man..THIS thread sure has a big echo....) LOLOL

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From: Whiskeyj10/19/2005 12:00:18 AM
   of 18222
 
Is there ever gonna be a funeral for this dog?

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