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Technology Stocks : INTERNET ASIA + Indexes

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To: Francois Goelo who wrote (1324)	10/15/1999 2:00:00 AM
From: Lonnie	Read Replies (2) of 1567

Read more carefully Francois: "Mr. Brown has also unveiled a set of tightened rules to minimize his firm's regulatory and economic exposure in bulletin board deals, and reminded his brokers to be wary of contributing to any odd dealings of U.S. clients and offshore accounts." I think the key words here that Mr. Brown is warning his staff about is "odd dealings"....like money laundering (see below) ...not shorting a stock!!!! "The Canaccord head states that Union Securities has been named in a civil suit filed by the SEC alleging stock manipulation and fraud, two Pacific International brokers have been criminally charged in the U.S. for bulletin-board dealings with an American promoter, and Wolverton Securities has been "named as a defendant" in a U.S. indictment for allegedly operating accounts for several U.S. and offshore companies that engaged in illegal bulletin board dealings and money-laundering transactions."

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