Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: M. Dion who wrote (38577)	6/12/1999 1:35:00 AM
From: Anthony@Pacific	Read Replies (3) of 122087

EXPANDED ANSWER Mike if I went into the corruption and backscratching it would turn the NASD upside down...the saturday golf outing s with the top NASD and NASDAQ execs and the top brass of the major firms on wallstreet...or how the NASD will fine afirm like MASH ( which is really the under belly of Charles Schwabb) q millionbucks and then annopunce a select net discount the next month of 50 cents per trade so MASH which might do 3 or 4 million trades on select net gets 1 to 2 million off their bill. The SEC enforcements reluctance of going after toip NASD firms a,, so they dont blow theeir careers when they leave the SEC and go into the Private sector( they all want to end up at a top wall treet Firm..or at a top Law Firm that handles these NASD Brokerage Firms) so they very often go after no name Firms and little corrupt scams..But they wont launch investigations into bogus ECN orders and the such..etc etce etc/...... Or I could go into how they have excess spread rules and it only effects Firms that dont have elaborate auto-adjusting systems..that increase or decrease their spreads get penalized 10 -20 times a day.. Maybe I coukld talk about how the examiners are completely arbitrary in applying rules or one of the most recent cases involves how the NASD tried to suspend FSCo for not providing testimony, simply because he refuse tio give a second statement without a copy of his original statements transcript...it went all the way to Federal Court and the NASD lost and the Judge ruled that The NASD had createdd the rule violation after he refused to testify and overturned their syuspension of his license .even after it was affirmed by the SEC.. I could go on and on and on...

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