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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Bill Ounce who wrote (45708)	1/25/2000 10:51:00 AM
From: Bill Ounce	Read Replies (1) \| Respond to of 94695

USA Today -- Brokerage accused of manipulating stock prices This was back in 1995. I wonder how much of this sort of thing still goes on today? usatoday.com Morgan Stanley censured, fined WASHINGTON -- A self-regulatory brokers' group Monday censured and fined major brokerage firm Morgan Stanley $495,000 for allegedly manipulating the prices of nine stocks that are part of the Nasdaq 100 index. The New York-based company, now Morgan Stanley Dean Witter, said it was considering appealing the ruling to the U.S. Securities and Exchange Commission. The National Association of Securities Dealers, which announced the move, said its National Adjudicatory Council had found that six Morgan Stanley traders manipulated the stock prices in 1995. The NASD said that prior to the Nasdaq market openings on March 17 and Oct. 20, 1995, traders of over-the-counter stocks at Morgan Stanley ''improperly and fraudulently'' raised the prices they quoted for the nine stocks. The traders' actions artificially pushed up the opening prices and the market for the stocks, the NASD alleged.