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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)
PABN 0.000010000.0%Nov 7 9:30 AM EST

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To: PatP who wrote (42393)1/19/2000 2:10:00 PM
From: ColleenB  Read Replies (1) of 43774
 
Looks like PCModem has trouble with the term criminal infraction. I am amused by his insistence that you are somehow misusing the phrase. Be assured that the SEC knows what a "criminal infraction" is. It is neither a misnomer nor a redundancy.

he continues to be troubled and confused....

I make no judgment of his character at this time, not enough facts in evidence and everything that has been presented so far is onesided. No one knows his side of the story. If he did exactly what the NASD's findings state, then that is horrible, in fact it sounds to me like a crime, one punishable by jail time. But that's not how it was treated. I'm sure you can understand my doubts based on that one oddity alone. In these matters a rush to judgment, based on a onesided presentation of the story is ill-advised, I'm sure you agree. If he did all that then why is he not in jail? I think, if he is guilty of committing a crime, then the victim should sue the NASD for not pursuing it as the crime it is. Quite frankly their failure to treat it as a crime leaves me scratching my head as I'm sure it does all those who read about it. Fines are a source income for the NASD, maybe there's an explanation for their actions in that fact. If you can't prove a crime, then declare a finding and impose a fine. Makes sense to me.
ragingbull.com

or is he really?
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