SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Auric Goldfinger's Short List
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SEC-ond-chance who wrote (14104)12/15/2004 12:19:15 AM
From: SEC-ond-chance  Read Replies (2) of 19428
 
Employing Brokerage Firm: SPELMAN & CO., INC.

Allegations: DAMAGES FOR FRAUD, NEGLIGENT MISREPRESENTATION, NEGLIGENT
SUPERVISION, BREACH OF FIDUCIARY AND AGENCY DUTIES, AND
VIOLATION OF FLORIDA "BLUE SKY" LAWS. THIS CONCERNING THE
MISREPRESENTATION OF NEW TEL LTD STOCK (NWTL). BEGINNING IN
EARLY 2000 SPELMAN'S FT WALTON BEACH BRANCH OFFICE DECIDED TO
ATTEMPT TO PUT ALL OF ITS CLIENTS INT A START UP AUSTRALIAN
INTERNET STOCK CALLED NEW TEL. TILL LATE 2002 SPELMAN
CONDUCTED A CONCERTED EFFORT TO PUT VIRTUALLY EVERY CLIENT INT
NWTL. BY THE BEGINNING OF 2003 NWTL HAD COLLAPSED FINANCIALLY.
AS A RESULT, ALL OF SPELMAN'S CLIENTS WHO HAD BEEN INDUCED TO
INVEST IN NWTL LOST EVERYTHING THEY HAD INVESTED IN NWTL.


Arbitration/Reparation
Details: NASD 04-02574

Service Date: 07/13/2004
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News