PUBLIC DISCLOSURE PROGRAM
> RESPONSE TO REQUEST FOR INFORMATION
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>
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> The Board of Governors of the National Association of Securities
Dealers, Inc. (NASD) has adopted a public disclosure policy which permits certain types of disciplinary information on NASD member firms and their associated persons to be available to the general public. Section 15A(i) of the Securities Exchange Ac of 1934, as amended, requires registered securities associations to respond to
> inquiries regarding disciplinary actions involving its members
and their associated persons. The NASD believes that the general public should hav access to information which will help them in their determination whether to conduct or continue to conduct business with an NASD member or any of the member's associated persons. In that regard, enclose please find th information you have requested.
>
> A list of the terms and conditions of the NASD Public Disclosure
Program is as follows:
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> NASD PUBLIC DISCLOSURE PROGRAM
> TERMS AND CONDITIONS
>
>
> 1. Information provided through the Public Disclosure Program shall
be used ONLY:
> a) to assist in determining whether to conduct or continue
to conduct securities or commodities business with NASD. Member
Firms or Associated Persons;
> b) in judicial proceedings or arbitration proceedings
relating to securities or commodities transactions; or
> c) for other non-commercial purposes consistent with the
promotion of just and equitable principles of trade and the
protection of investors and the public interest.
> 2. Provision of information by the National Association of
Securities Dealers, Inc. and its subsidiaries (collectively, the "NASD") pursuant to the Public Disclosure Program does not constitute a waiver of any of the NASD's rights, privileges, or immunities with respect to the furnishing of disciplinary or
> registration information.
> 3. The NASD receives disclosure information from registered
persons, member firms, government agencies, and other sources, and there may be delays in the receipt and processing of such information. Information submitted on current filings about NASD registered firms and individuals requires at lease 15 business days of processing by the NASD before it can be viewed on this site
> or provided on a Public Disclosure Program report.
> 4. The NASD does not charge for this service, which is offered
pursuant to the NASD's responsibilities as a Self-Regulatory Organization, and,in particular, pursuant to Section 15A(i) of the Securities Exchange Act of 1934. In the provision of this service, the NASD makes no warranties of any kind, and disclaims liability to any person for any actions taken or omitted in good faith with respect to this Public Disclosure Program. The NASD is not
> responsible for and cannot verify information from sources other
than the NASD, and does not warrant or guarantee the accuracy or
completeness of the information requested. Neither the NASD nor any affiliate or supplier shall be liable for any cause of action in contract, tort, or otherwise, for more than the incremental telecommunications cost incurred to connect to the service. Notwithstanding the above, neither the NASD nor any affiliate or
> supplier shall be liable for any loss of income, trading loss,
or consequential, incidental, or indirect damages, regardless of
whether NASD has been informed of the possibility of such damages.
> 5. Disclosure information on firms and individuals no longer
registered with the NASD may occasionally be reported to and maintained by the NASD; however, such disclosure information has not been reviewed by the firms and individuals, and there is no regulatory requirement that terminated firms and individuals
> report any disclosure information to the NASD.
> 6. The Public Disclosure Program includes information provided to
the NASD by registered persons, member firms, government agencies,
regulators (including NASD Regulation, Inc.), and other sources.
> 7. I understand that this service employs proprietary software. I
agree that I will not give, sell, or license another person or entity access to the Public Disclosure Program, and I will not use any software, hardware, or system that permits multiple persons concurrent use of the Public Disclosure Program.
>
> I certify that I have read and understand all of the terms set
forth above and intend to form a binding subscription agreement with the NASD on those terms. If I am accepting this agreement on behalf of an organization, I certify that I have authority of that organization to enter into this agreement.
>
> The customer complaints listed in this report may include
allegations that have been filed with a firm, an arbitration forum, or a court, but that have not been verified or proven to be true. Therefore, you should not assume that all allegations that may be contained in this report are true or will be proven to be true. The NASD encourages you to discuss any concerns you may have with the information contained in this report with your firm or broker, who
can provide you with any further information you may require.
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> ASSOCIATED PERSON: ELGINDY, AMR IBRAHIM
> CRD NUMBER: 1824634
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> Associated Person: ELGINDY, AMR IBRAHIM
> CRD Number: 1824634
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> 5/05/99 SUMMARY INFORMATION
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> 5/05/99: 12/16/98 NASD SUSPENSION
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> ACTION INITIATED BY: NASD; CASE/DOCKET NUMBER: NOT PROVIDED;
ALLEGATIONS: FAILING TO PAY AN ARBITRATION AWARD IN ARBITRATION CASE # 98-00005; HOW RESOLVED: NOT PROVIDED; RESOLUTION DATE: NOT PROVIDED; SANCTION:SUSPENSION.
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> 5/05/99: 9/18/98 NASD REVOCATION
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> ACTION INITIATED BY: NASD; CASE/DOCKET NUMBER: NOT PROVIDED;
ALLEGATIONS: FAILURE TO PAY FINES AND/OR COSTS IN NASD COMPLAINT CMS950207; HOW RESOLVED: NOT PROVIDED; RESOLUTION DATE: NOT PROVIDED; SANCTION: REVOCATION OF REGISTRATION. lm
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> 5/05/99: 9/22/97 NASD SUSPENSION
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> ACTION INITIATED BY: NASD; CASE/DOCKET NUMBER: CMS950207;
ALLEGATIONS: VIOLATION OF SOES RULE c)3(C) AND ARTICLE III, SECTION 1 OF THE ASSOCIATION'S RULES OF FAIR PRACTICE IN THAT ELGINDY EXECUTED 108 ORDERS THROUGH SOES FOR THE ACCOUNT OF A FIRM. VIOLATION OF ARTICLE III, SECTION 1 OF RULES OF FAIR PRACTICE FOR CAUSING FIRM TO ENTER NON-BONA-FIDE ORDERS FOR ACCOUNT OF FIRM. VIOLATION OF ARTICLE III, SECTION 1 OF RULES OF FAIR PRACTICE FOR FAILING TO ACKNOWLEDGE OR CONFIRM SALE OF SECURITIES TO 3 MARKET MAKERS WITHOUT EQUITABLE EXCUSE OR JUSTIFICATION. VIOLATION OF ARTICLE III, SECTIONS 1 AND
27 OF RULES OF FAIR PRACTICE FOR FAILING TO ENSURE THAT FIRM ESTABLISHED, MAINTAINED AND ENFORCED ITS SUPERVISORY PROCEDURES; HOW RESOLVED: DECISION AND ACCEPTANCE OF OFFER OF SETTLEMENT; RESOLUTION DATE: 9/22/97; SANCTION: CENSURE, FINE, SUSPENSION; TOTAL AMOUNT: $30,000; DATE PAID: NOT PROVIDED; ACTION/STATUS DISPOSITION DETAILS SUMMARY: SUSPENDED FROM ASSOCIATION WITH ANY MEMBER IN A PRINCIPAL CAPACITY FOR PERIOD OF 1 YEAR. SUSPENDED FROM ASSOCIATION
WITH ANY MEMBER IN ANY CAPACITY FOR 30 DAYS. FINE TO BE PAID IN 23 EQUAL MONTHLY INSTALLMENTS OF $500 WITH REMAINING AMOUNT TO BE PAID WITHIN 24 MONTHS OF 1
ACCEPTANCE OF OFFER BY NBCC. FIXED INTEREST RATE WILL BE ASSESSED
ON UNPAID BALANCE OF FINES AND/OR COSTS AND INTEREST RATE WILL BE 3% OF PRIME RATE AS PUBLISHED IN MONEY RATES COLUMN OF WALL STREET JOURNAL 1 DAY BEFORE INSTALLMENT PACKAGE IS MAILED. EXECUTED PROMISSORY NOTE FOR UNPAID BALANCE OF FINES AND/OR COSTS PLUS INTEREST IS REQUIRED, AND WITHIN 60 DAYS OF ACCEPTANCE OF THIS OFFER OF SETTLEMENT MEMBER FIRM WITH WHOM ELGINDY IS PRESENTLY ASSOCIATED SHALL REVISE AND IMPLEMENT WRITTEN SUPERVISORY PROCEDURES SPECIFICALLY WITH RESPECT TO OVERSEEING ELGINDY'S ACTIVITIES TO
DETER RECURRENCE OF CONDUCT ALLEGED IN COMPLAINT. WITHIN 60 DAYS OF
ACCEPTANCE OF OFFER OF SETTLEMENT, ELGINDY SHALL PRODUCE COPY OF THESE PROCEDURES TO MARKET REGULATION COMMITTEE. SUSPENSION IN PRINCIPAL CAPACITY WILL COMMENCE WITH OPENING OF BUSINESS 11/17/97 AND CONCLUDE 11/16/98. SUSPENSION IN ALL CAPACITIES WILL COMMENCE OPENING OF BUSINESS 11/17/97 AND CONCLUDE 12/16/97. 9/18/98 - REVOCATION FOR NON-PAYMENT OF FINES AND/OR COSTS.sc
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> 5/05/99: 7/25/97 OHIO DENIAL OF REGISTRATION
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ACTION INITIATED BY: OHIO DIVISION OF SECURITIES; CASE/DOCKET
NUMBER: 97-274; ALLEGATIONS: NOT OF GOOD BUSINESS REPUTE AS TERM IS DEFINED IN OHIO
ADMIN. CODE RULE 1301:6-3-19(D)(G) & (9) AND OHIO REVISED CODE SECTION
1707.19(A); HOW RESOLVED: ORDER; RESOLUTION DATE: 7/25/97; SANCTION: DENIAL OF REGISTRATION.sc
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> 5/05/99: 8/26/94 NASD ARBITRATION
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> DATE INITIATED: 1/19/94; ALLEGATIONS: UNAUTHORIZED TRADING,
CHURNING, MISREPRESENTATION; ALLEGED COMPENSATORY DAMAGE AMOUNT: $42,195.00;
FILED WITH: NASD; DOCKET/CASE NUMBER: 93-04347; CURRENTLY PENDING: NO;
DISPOSITION TYPE: AWARD; AWARD AMOUNT: $5,000.00; DISPOSITION DATE: 8/26/94.sc
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> 5/05/99: 9/23/93 NASD ARBITRATION
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> DATE SERVICE RECEIVED: 2/22/93; ALLEGATION(S): UNAUTHORIZED
TRADING; ALLEGED COMPENSATORY DAMAGE AMOUNT: $96,892.69; FILED WITH: NASD;
DOCKET/CASE#: 92-04071; CURRENTLY PENDING: NO; DISPOSITION TYPE: AWARD; AWARD
AMOUNT: $30,000.00 JOINTLY AND SEVERALLY; DISPOSITION DATE: 9/23/93 hk
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> 5/05/99: 9/19/86 CALIFORNIA CRIMINAL ACTION
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> ARRESTING AGENCY LOCATION: LOS ANGELES, CA; DOCKET/CASE NO:
2079668-E; CHARGE DATE: 9/9/1986; CHARGE: ASSAULT WITH A DEADLY WEAPON; DISPOSITION
TYPE: 2
NOT PROSECUTED; DISPOSITION DATE: 9/19/1986. em
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