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To: afrayem onigwecher who wrote (150)	7/17/2001 5:00:09 PM
From: Sir Auric Goldfinger	Read Replies (1) \| Respond to of 574

ALEX, your pal: "J. Alexander Securities, Inc. (CRD #7809, Los Angeles, California), Richard Leon Newberg (CRD #346857, Registered Principal, Golden Beach, Florida), and Dennis Jay Sturm (CRD #1407180, Registered Principal, Coral Springs, Florida) were named as respondents in an NASD complaint alleging that the firm, Newberg, and Sturm participated directly, or indirectly, in undertakings involving the purchase of securities from issuers with a view to the distribution of such securities and, thereby, acted as underwriters of the unregistered shell company and surviving entity securities. The complaint also alleges that this trading, including matched trades, in the securities of the shell companies created the false appearance of trading volume and market interest in the securities; induced other market makers to enter quotes; and allowed the respondents to artificially affect the market price for the securities. The complaint further alleges that the respondents, by the use of any means, instrumentality of interstate commerce, or of the mails, knowingly or recklessly engaged in manipulative or deceptive devices or contrivances in connection with the purchase or sale of securities, and knowingly or recklessly effected transactions in, or induced the purchase or sale of, securities by means of manipulative, deceptive, or other fraudulent devices or contrivances. In addition, the complaint alleges that the respondents aided and abetted the manipulative trading of others. The complaint alleges that Sturm, acting on behalf of the firm, certified that no one associated with the firm was directly or indirectly affiliated with the issuer when he knew, or should have known, that controlling shareholders were related to the respondents or other associated persons of the firm and falsely represented that the initial prices were based on trades with third-party brokers, unsolicited third- party transactions, or similar representations. Moreover, the complaint alleges that Sturm and Newberg maintained, controlled, or had financial interest in accounts at other firms; failed to provide written notice of these accounts to the firm; and failed to provide prompt written notice to the firm that they were engaged in outside business activity for compensation. The complaint also alleges that Newberg provided false testimony during an NASD investigation. In addition, the complaint alleges that the firm failed to supervise the trading and market making activity conducted by Sturm and Newberg; failed to devise, maintain, and enforce written supervisory procedures designed to focus on the potential for manipulation presented by trading securities in newly trading shell companies and failed to oversee the selection of companies in which the firm made markets and for which it filed Form 211 applications, or to review the accuracy and adequacy of the information in the Form 211 applications. (NASD Case #CAF010011)

To: afrayem onigwecher who wrote (150)	8/18/2001 9:52:28 AM
From: StockDung	Respond to of 574

Pond Equities, Inc. (CRD #30934, Brooklyn, New York) and Ezra Yehuda Birnbaum (CRD #1553347, Registered Principal, Brooklyn, New York) submitted a Letter of Acceptance, Waiver, and Consent in which they were censured and fined $10,000, jointly and severally. The firm was also fined an additional $7,000. Without admitting or denying the allegations, the respondents consented to the described sanctions and to the entry of findings that the firm, acting through Birnbaum, failed to enforce its written supervisory procedures in that it could not provide evidence that when customers made checks payable to the firm, the firm informed the customers in writing of the requirement to make checks payable to the clearing firm in the future. The findings also stated that the firm failed to show the correct time of execution on the order memoranda in transactions. In addition, the NASD found that the firm executed short sale transactions in Nasdaq National Market® (NNM) securities and failed to report the transactions to Automated Confirmation Transaction ServiceSM (ACTSM). with a short sale modifier. Furthermore, the findings stated that the firm, acting through Birnbaum, failed to report customer complaints to the NASD as part of the Statistical and Summary Reporting requirement. (NASD Case #C10010081) nasdr.com

To: afrayem onigwecher who wrote (150)	8/18/2001 9:55:54 AM
From: StockDung	Read Replies (1) \| Respond to of 574

International Securities Corporation (CRD #36023, New York, New York) submitted a Letter of Acceptance, Waiver, and Consent in which the firm was censured and fined $2,500, jointly and severally, and fined an additional $12,000. Without admitting or denying the allegations, the firm consented to the described sanctions and to the entry of findings that, acting through an individual, it filed an inaccurate FOCUS report and failed to maintain sufficient net capital while conducting a securities business. The findings also stated that the firm failed to utilize the services of an independent public accountant to audit its year-end fiscal reports filed with the NASD. Furthermore, the NASD found that the firm failed to report to ACT transactions within 90 seconds of execution and failed to designate transactions as late. In addition, the NASD found that the firm failed to correctly report to ACT whether it acted as a principal or as an agent in transactions and failed to establish a Continuing Education Program (Firm Element) for its registered employees. (NASD Case #C10010088) Message 16228406

To: afrayem onigwecher who wrote (150)	11/7/2001 2:21:25 PM
From: StockDung	Read Replies (1) \| Respond to of 574

Bush to crack down on al Qaeda financial assets November 7, 2001 Posted: 8:57 AM EST (1357 GMT) WASHINGTON (CNN) -- CNN has learned the administration has identified two financial networks, an Islamic money exchange known as Al Taqua, and another worldwide network of informal money exchanges, known as hawalas, that it views as significant sources of support for the al Qaeda terrorist organization, U.S. government sources said. President Bush will identify the networks Wednesday, and announce that efforts are under way to freeze their assets and shut down their operations in the United States and overseas, the sources said. Approximately 50 to 60 individuals and organizations are expected to be targeted as part of these two networks, a senior government official said. Bush will make the announcement 1:30 p.m. at an event at the Treasury Department task force headquarters. Sources said the task force is charged with trying to identify and disrupt the financial network of al Qaeda and other terrorist groups. Al Taqua is not believed to have any assets in the United States, but is believed to have money in banks in Switzerland, Italy, Liechtenstein and the Bahamas, and possibly other countries. The four places named have already agreed to act on the U.S. order to freeze Al Taqua's assets, the sources said. Officials would not name the second network, other than to say it is a worldwide hawala network, which has businesses in 40 countries, including the United States. "We believe that al Qaeda has been skimming off that network," a government source said. Describing the network as a "Western Union of sorts," one U.S. official said that al Qaeda helped found this network and fund it, and that it gets a percentage of every money transaction that takes place. This step is "taking down an infrastructure and a network that they continue to rely upon," said a senior administration official. The officials declined to name the organization or provide any specifics on the operation because, in the words of one, "this is happening in real time heading up to the president's event and we need to be careful so that we don't say anything that will do harm to the effort at hand here." A second official said the targets were "two financial networks used to fund al Qaeda" and said the operation to be announced Wednesday involved actions in the United States and overseas. "I would use the term financial networks as opposed to assets," this official said, "and the operation is to hopefully shut them down." Bush will also announce Wednesday a new dollar figure on the number of accounts that have been frozen so far in the United States and overseas. U.S. officials would only say it will be a "significant increase" above the $24 million announced weeks ago. So far, more than 80 individuals and corporations have been targeted by the United States. -- From CNN Senior White House Correspondent John King and White House Correspondent Kelly Wallace.