Chromatics Color Sciences International. Inc; CCSI Message Board

STOCKTALK

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.

Biotech / Medical : Chromatics Color Sciences International. Inc; CCSI

CCSI 24.53

-1.8%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Clayleas who wrote (2403)	6/5/1998 7:56:00 PM
From: R. M. Rosenthal	of 5736

In re who is selling, please note the below post re FIERO BROS. whom I understand is one of the biggest CCSI SHORT sellers. It seems to me that certain of the dishonest and morally reprehensible (not to mention ILLEGAL!) practices cited below may well exist in relation to CCSI. If shorted stock isn't supposed to be carried on the books of MM's when they haven't really borrowed it or don't reasonably expect to have quick access to it, then why in the hell are they being allowed to do it with impunity??? That and related subjects I shall pursue further with the SEC and NASDQ and hope others tired of being ripped off and screwed over by these swine will do likewise. >>Talk : Coffee Shop : Market Maker (MM) Games \| Previous \| Next \| Respond \| Show Navigation To: +David Meyer (5 ) From: +David Sheridan Friday, Jun 5 1998 8:28AM ET Reply # of 8 NASD responds to requests for disclosure re MMs. I received my first email from NASD today re FSCO. This is especially for those who claim there is no manipulation on the naz. NASD Member Firm: FIERO BROTHERS INC. BD Number: 27269 6/04/98 SUMMARY INFORMATION 6/04/98: 2/06/98 PENDING NASD COMPLAINT THE NASD FILED A COMPLAINT AGAINST FIERO BROTHERS INC. AND OTHER RESPONDENTS ALLEGING VIOLATIONS OF NASD RULES 2110, 2120, 3110 AND 3370 IN THAT THE FIRM AND OTHER RESPONDENTS, ENGAGED IN MANIPULATIVE CONDUCT IN VIOLATION OF SECTION 10(b) OF THE SECURITIES EXCHANGE ACT OF 1934, AND RULE 10b-5 THEREUNDER THROUGH COLLUSION, AND ENGAGING IN A MANIPULATIVE "BEAR RAID" TO DRIVE DOWN THE PRICE OF 10 NASDAQ SECURITIES UNDERWRITTEN BY A DEFUNCT BROKER/DEALER. THE RESPONDENTS, ACTING THROUGH THEIR OWN PROPRIETARY TRADING AND MARKET MAKING ACCOUNTS, AND IN CONJUNCTION WITH OTHERS, ENGAGED IN A MONTH-AND-A-HALF LONG PROGRAM OF SHORT SELLING THESE SECURITIES AND PARTICIPATED IN THE PROMULGATION OF NEGATIVE STORIES ABOUT THE FIRM AND CERTAIN OF THE SECURITIES OVER A NATIONALLY-TELEVISED CABLE BROADCAST; FIERO BROTHERS AND OTHER RESPONDENTS, ENGAGED IN SHORT SALES IN PROPRIETARY ACCOUNTS WHILE NOT REGISTERED AS A MARKET MAKER AND WITHOUT THE REQUISITE AFFIRMATIVE DETERMINATION REQUIREMENT. [PENDING NASD COMPLAINT NO. CAF980002]mm<<

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next