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Technology Stocks : Solucorp Industries (SLUP - OTCBB)
SLUP 0.000010000.0%Feb 6 9:30 AM EST
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To: hawkeye who wrote (3590)4/5/2000 11:24:00 AM
From: hawkeye  Read Replies (1) of 3679
 
"I received a package from Paul Gerlach with a cover letter. "Cover" is the operative word. I specifically stated that having Mr. Gerlach or Ms Finston be the judge of whether their actions were ethical and without prejudice was ludicrous. the Ethics committee only had to ask Ms Finston one question - "were you ever associated with the law firm of Sidley & Austin?". If the answer is yes, the entire Solucorp case has to be thrown out because of conflict of interest. How long does it take to ask Ms Finston that question? 6 weeks? What was the answer?
If Mr. Gerlach was responsible for hiring Ms Finston as Senior Counsel and giving her Solucorp as her first case, then wouldn't you thank that we are now looking at a conspiracy?
Let me quote from Mr. Gerlach's letter of March 14,, 2000: "With regard to your questions concerning the potential conflict of interest on the part of the staff attorney conducting the investigation, let me add that the commission takes very seriously the ethical obligations of its attorneys, and takes all steps necessary to assure those obligations are met." That's as pompous and self-serving a statement as I have ever read.
I now have to assume that the thics committee sits and passes judgement on itself. If Ms Finston was associated with Sidley & Austin, you people should hang your head in shame. the Cement Cartel Lobby can consider their money well spent. But then again, we do have courts of law, don't we? It is just too bad that we Solucorp shareholders have had to suffer almost two years because of this incredible abuse of the unbridled power of the SEC."

ragingbull.com
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