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Strategies & Market Trends : Americans 4 "No Own - No Sell" -- Ignore unavailable to you. Want to Upgrade?

To: joseph krinsky who wrote (284)	10/3/2001 3:03:48 PM
From: Investor Clouseau	Respond to of 455

outstanding find joseph; To:Captain Jack who wrote (6034) From: joseph krinsky Wednesday, Oct 3, 2001 2:54 PM Respond to of 6035 Wed, 3 Oct 2001, 2:52pm EDT NOTICE ON 38 STOCKS PROBED BY U.S. SEC, FROM CANADIAN WEB SITE (The following is a formatted version of a document obtained from The Investment Dealers Association of Canada. This document was confirmed by the sender.) MEMBER REGULATION Information Notice regarding U.S. Events Any Member having dealings with any of the following in the past three years is required to contact the Association's Enforcement Department at the contact number or e-mail address noted above. Al Qaida/Islamic Army Abu Sayyaf Group Armed Islamic Group (GIA) Harakat ul-Mujahidin (HUM) Al-J had (Egyptian Islamic Jihad) Islamic Movement of Uzbekistan (IMU) Asbat al-Ansar Salafist Group for Call and Combat (GSPC) Libyan Islamic Fighting Group Al-Iihaad al-Islamiya (AIAI) Islamic Army of Aden Usama bin Laden / Osamna bin Laden Muhammad Atif (aka, Subhi Abu Sitta, Abu Hafs Al Masri) Say al-Mi Shavkh Saiid (aka, Mustafa Muhammad Ahmad) Abt Hafs the Mauritanian (aka, Mahfouz Ould al-Walid, Khalid Al-Shanqiti) Ibn Al-Shaykh al-Libi Abu Zubaydah (aka, Zayn al-Abidin Muhammad Husayu, Tariq) Aboal-Hadi ai-Iraqi (aka, Abu Abdallah) Ayman al-Zawahiri Thiwat Salah Shihata Taraq Anwar al-Sayyid Ahmad (aka, Fathi, Amr al-Fatih) Muhammad Salah (aka, Nasr Fahmi Nasr Hasanayn) Makhtab Al-Khidamat/AI Kifah Wafa Humanitarian Organization Al Rashid Trust Mamoun Darkazanli Import-Export Company Furthermore, we would ask members to review the list of securities below. These are the list of securities the United States Securities and Exchange Commission is investigating in the United States. We ask that you review same with a view of determining any unusual trading patterns, particularly any "negative" trading (e.g., buying put options, writing call options, establishing substantial short positions), during the period from August 27, 2001 through September 11, 2001. If you identify such trading, please contact Alex Popovic, by phone or facsimile. Ticker Company BA Boeing Co. LMT Lockheed Martin Corporation RTN Raytheon Company LLL L-3 Communications Holdings AMR AMR Corp. CAL Continental Airlines Inc. DAL Delta Air lines, Inc. NWAC Northwest Airlines Corp. LUV Southwest Airlines Co. UAL UAL Cop. U US Airways Group, Inc. GM General Motors Corp. BAC Bank of America BK Bank of New York ONE BankOne HPC Hercules, Inc. GRA W.R. Grace & Co. CCL Carnival Corporation RCL Royal Caribbean AHP American Express C Citigroup Inc. BSC Bears, Stearns & Co. LEH Lehman Brothers Holdings, Inc. MWD Morgan Stanley Dean Witter & Co. CNA CAN Financial CI Cigna Group JHF John Hancock Financial PGR Progressive Corp. RSA Royal & Son Alliance XL XL Capital Ltd. AIG American International Group, Inc. AXA Axa-Spons ADR MET MetLife, Inc. CB Chubb Corporation (The) MMC Marsh & McLennan Companies, Inc. VNO Vornado Realty Trust LSS Lone Star Technologies Inc. LTV LTV Corp. Contact: A. Popovic: (416) 943-6904 (bh) PN -0- (CRL) Oct/03/2001 18:47 GMT bloomberg.com

To: joseph krinsky who wrote (284)	10/3/2001 4:17:41 PM
From: joseph krinsky	Respond to of 455

Wed, 3 Oct 2001, 4:17pm EDT Bank of America Among 38 Stocks in SEC's Attack Probe (Update4) Bank of America Among 38 Stocks in SEC's Attack Probe (Update4) (Adds SEC spokesman in sixth paragraph, list of companies and reaction from corporate officials in last paragraphs) Washington, Oct. 3 (Bloomberg) -- The U.S. Securities and Exchange Commission is investigating whether shares of Bank of America Corp., American Express Co., Lockheed Martin Corp. and 35 other companies were the subject of insider trading before the terrorist attacks on New York and Washington. Stocks with trading under review by the SEC were disclosed in a notice posted on the Web site of the Investment Dealers Association of Canada, that country's securities industry group. The document, listing more than three dozen stocks the SEC has kept confidential, asked Canadian brokerages to cooperate with the investigation. The SEC, the Federal Bureau of Investigation, U.S. Treasury agents and authorities in Europe and Asia are combing brokerage, market and banking records for bigger-than-normal trading or money transfers that might expose who was responsible for assaults that killed thousands of people. The Canadian group's notice asked brokers to review trading of the 38 stocks ``with a view of determining any unusual trading patterns, particularly any `negative' trading'' such as buying put options that rise in value as a company's stock price falls. The SEC is seeking records from Aug. 27 to Sept. 11, the two-page document said. Markets Tumble U.S. markets tumbled after terrorists flew hijacked passenger jets into the World Trade Center's twin towers in New York and the Pentagon, across the Potomac River from Washington. The Dow Jones Industrial Average fell 14.3 percent during the first week of trading after the attacks. The Standard and Poor's 500 Index sank 11.6 percent, and the Nasdaq Composite Index dropped 16 percent. SEC spokesman Michael Robinson declined to comment on the Canadian Web-site posting or the status of the investigation. ``We are still carrying on investigations into trading around Sept. 11,'' said Karin Loudon, a spokeswoman for the Financial Services Authority, the U.K. markets regulator. ``We haven't discovered anything yet.'' Charlotte Judet, a spokeswoman for Paris-based Commission des Operations de Bourse, said French investigators continue to review unusual trading in some stocks before the Sept. 11 assault. She declined further comment. Option Volume Surges A Bank of America option that would profit if the No. 3 U.S. bank's stock fell below $60 a share had more than 5,900 contracts traded on the Thursday and Friday before the Sept. 11 assaults, almost five times the previous average trading, according to Bloomberg data. The bank's shares fell 11.5 percent to $51 in the first week after trading resumed on Sept. 17. While investigators have focused on short selling and trading in put options, some defense contractors on the SEC's list, including Raytheon Co., had higher volume in options that profit from rising stocks. A Raytheon option that makes money if shares are more than $25 each had 232 options contracts traded on the day before the attacks, almost six times the total number of trades that had occurred before that day. A contract represents options on 100 shares. Raytheon shares soared almost 37 percent to $34.04 during the first week of post-attack U.S. trading. No Evidence Yet Officials at the SEC and in Europe repeatedly have said they hadn't yet turned up solid evidence of terrorist trading, and the trading surges may simply be coincidental. SEC Chairman Harvey Pitt and Treasury Secretary Paul O'Neill have said they continue to take the investigation seriously. The SEC's list of companies, which was reported earlier today by Associated Press, was concentrated in airline, brokerage, insurance, banking and defense stocks. Delta Air Lines Inc., Northwest Airlines Corp. and Southwest Airlines Co. were among seven airlines listed, joining AMR Corp. and UAL Corp., already known to be a focus of the probe. Trading of bearish options in AMR and UAL surged in the days before terrorists hijacked and crashed two American Airlines and two United Airlines jets. Trading in Boeing Co., Lockheed Martin, and Raytheon is being examined, the notice said. Market activity in Cigna Corp., MetLife Inc., American International Group Inc. and other insurers also is being reviewed. Lehman Brothers Holdings Inc. and American Express joined brokerage and financial services companies on the list. It already has been reported that securities of Morgan Stanley Dean Witter & Co., Bear Stearns Cos. and Citigroup Inc. were being scrutinized. Brokerage, Airline Options Morgan Stanley was the World Trade Center's biggest tenant, and Citigroup has estimated that its Travelers insurance unit may pay $500 million in claims from the terrorist assaults. Market makers handling trading in AMR and UAL options have said they noticed suspicious or peculiar trading in those securities in the days before the terrorist attacks. Trading in some AMR and UAL put options surged to as much as 285 times the previous average volume during the days before terrorists crashed hijacked jets into the World Trade Center's twin towers and the Pentagon. Following are companies identified in the notice as with stock trading that's being probed by the SEC: American Express American International AMR Axa SA Bank of America Bank of New York Co. Bank One Corp. Bear Stearns Boeing Carnival Corp. Chubb Corp. Cigna Citigroup CNA Financial Corp. Continental Airlines Inc. Delta Air Lines Inc. General Motors Corp. Hercules Inc. John Hancock Financial Services Inc. L-3 Communications Corp. Lehman Brothers Lockheed Martin Lone Star Technologies Inc. LTV Corp. Marsh & McLennan Cos. MetLife Morgan Stanley Northwest Airlines Progressive Corp. Raytheon Royal & Sun Alliance Insurance Group Royal Caribbean Cruises Ltd. Southwest Airlines UAL US Airways Group Inc. Vornado Realty Trust W.R. Grace & Co. XL Capital Ltd. Raytheon spokesman David Polk declined to comment. Southwest Airlines Chief Financial Officer Gary Kelly said he hasn't been contacted by the SEC. Boeing spokesman John Dern and Lockheed Martin spokesman Jim Fetig each said his company hasn't been notified by the SEC of an investigation. General Motors CEO Richard Wagoner said on the CNBC cable network that company officials have no information to make them think there was unusual trading. LTV officials declined to comment. bloomberg.com