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Biotech / Medical : GUMM - Eliminate the Common Cold -- Ignore unavailable to you. Want to Upgrade?

To: DanZ who wrote (3301)	11/15/2000 7:07:00 PM
From: StockDung	Read Replies (1) \| Respond to of 5582

Dan "THE SHILL" maybe you did not read the entire enforcement action. NASDR Nov. 2000 Enforcement actions-> Schneider Securities, Inc. (CRD #16434, Denver, Colorado) submitted a Letter of Acceptance, Waiver, and Consent (AWC) in which the firm was censured, fined $22,500, and required to conduct and complete a comprehensive internal review of the supervisory and compliance structure of the firm under the guidance and supervision of an independent, outside consultant within 180 days of acceptance of the AWC. Without admitting or denying the allegations, the firm consented to the described sanctions and to the entry of findings that the firm, acting through an individual, failed to adequately supervise a former registered representative in order to prevent and detect alleged excessive trading, unauthorized trading, and the improper use of discretion. The findings also stated that the firm’s written supervisory procedures and supervisory system failed to provide procedures in sufficient detail to detect and prevent excessive trading/churning, unauthorized trading, and improper use of discretion. (NASD Case #C3A000032) nasdr.com