Are you a drinker Amr Ibrahim (Anthony) Elgindy or are you having an emotional episode? Also, if you are so legitimate, why do hide behind a pseudonym? Honest people have little reason to do so.
However, he admits that while he was in Texas, he was "wild and crazy. We
were spending money like crazy, our houses were too big, our trips were too
extravagant, we lived in the fast lane."
Elgindy says that he gave the government information on fraudsters as
atonement for some of his earlier activities with the sleazy brokerage
firms. He says that he would have fought the Texas indictment if he were
single, "but the uncertainty is too scary. I have a wife and three kids."
Message 13527402
The Texas case charges that Elgindy fraudulently overstated his income by
around 100 percent to bilk an insurer, MassMutual, out of $55,366 in
disability payments. Elgindy says he was in severe depression at the time.
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Excerpt: Disciplinary Actions Reported For November NASD Regulation, Inc. (NASD RegulationSM) has taken disciplinary actions against the following...
Amr [aka "Tony"] I. Elgindy (Registered Principal, Colleyville, Texas) submitted an Offer of Settlement pursuant to which he was fined $30,000, suspended from association with any NASD member in any principal capacity for one year, suspended 0.87 from association with any NASD member in any capacity for 30 days, and required to produce a copy of his member firm's implemented written supervisory procedures specifically with respect to overseeing his activities to deter and detect a recurrence of the conduct alleged in the complaint. Without admitting or denying the allegations, Elgindy consented to the described sanctions and to the entry of findings that he caused his member firm to execute 108 orders through SOES for the firm's account. The findings also stated that Elgindy caused his member firm to enter non-bona fide orders through the SelectNetSM System for the firm's account that were either timed out or canceled by Elgindy before they could be executed. Furthermore, the NASD found that Elgindy caused trades reported to ACT to be canceled by failing to acknowledge or confirm such trades. The NASD also determined that Elgindy failed to ensure that his member firm establish, maintain, and enforce supervisory procedures that would have enabled the firm to deter and detect the above conduct.
Message 13502559 |
