Dan,
first of all, thank you for providing the hyperlink to the administrative law judge's decision on 3/2/99 as outlined in your 3248. I know that I will be "slammed" for being sympathetic to this post, but I have read carefully the whole account and am quite surprised.
Everyone who is interested in full disclosure of the activities of investment bankers should read this for themselves, it is chilling.
In a nutshell, Russo Securities, Inc. (RSI), a Staten Island broker-dealer which was supposed to be an investment banker for MRPS was sanctioned by the decision. Also, MR. Patrick Russo and Ms. Kimberly Kent were sanctioned. The activities in question, as I read it, took place between 121/95 and 3/96. Three entities were fined and the two people involved were both fined and trading sanctions were placed on them as individuals. But, read it for yourselves, if you are interested in full disclosure.
Does this have direct effect on MRPS and the movement of its stock? I don't know. I am just commenting on this for those who don't want to read it for themselves.
Vic |
