Oops, I was correcting a typo and cut the bottom portion off by mistake.
Anyhow, here is the most recent NASD report, and since the gun charge has now been omitted, it would only be fair to post the newer version:
ASSOCIATED PERSON: ELGINDY, AMR IBRAHIM
CRD NUMBER: 1824634
6/09/99 SUMMARY INFORMATION
6/09/99: 12/16/98 NASD SUSPENSION
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.
lm
6/09/99: 9/18/98 NASD REVOCATION
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
6/09/99: 9/22/97 NASD SUSPENSION
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
6/09/99: 7/25/97 OHIO DENIAL OF REGISTRATION
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
6/09/99: 8/26/94 NASD ARBITRATION
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
6/09/99: 9/22/93 NASD ARBITRATION
DATE INITIATED: 2/22/93; ALLEGATIONS: UNAUTHORIZED TRADING; ALLEGED
COMPENSATORY DAMAGE AMOUNT: $96,892.69; FILED WITH: NASD; DOCKET/CASE NUMBER:
92-04071; CURRENTLY PENDING: NO; DISPOSITION TYPE: AWARD; AWARD AMOUNT:
$30,000 JOINTLY AND SEVERALLY; DISPOSITION DATE: 9/22/93. lm
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