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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: rupers who wrote (8946)	1/11/2002 9:28:20 AM
From: StockDung	Respond to of 19428

Panel dismisses charge against Morgan Stanley-WSJ NEW YORK, Jan 11 (Reuters) - A panel dismissed charges against Morgan Stanley's <MWD.N> Dean Witter Reynolds unit after regulators took too long to make a case that the firm misrepresented risks of bond funds, the Wall Street Journal said on Friday. NASDR Inc., the regulatory branch of the National Association of Securities Dealers (NASD), brought the fraud charges in 2000 in connection with the purchase of closed end bond funds in 1992 and 1993, the paper said. A disciplinary hearing panel determined that was too long to bring charges, newspaper said. About 100,000 investors sunk $2.1 billion in the closed-end bond funds, but those bond funds fell by roughly 30 percent after interest rates rose in 1994, the paper said. Dean Witter, which merged with Morgan Stanley in 1997, invested in "inverse floaters," a derivative designed for its interest rate to fall if market rates rose, the newspaper said. In the original charges, Dean Witter was accused of misrepresenting the bond funds to brokers as low-risk alternatives to certificates of deposit, the newspaper said. NASDR issued 163 requests to Dean Witter between January 1996 and September 1998 to Dean Witter and more than 100 to the firm's current and former employees on this case. The decision to dismiss the case was reached Dec. 14, 2001, but it was not made public until Thursday, Jan. 10. The National Adjudicatory Council has called the case for review, the paper said. A Morgan Stanley spokesman told the paper that the firm is "pleased" with the decision and long-term investors in the funds "have made money." Morgan Stanley was not immediately available for comment. 04:31 01-11-02

To: rupers who wrote (8946)	2/6/2002 8:35:28 AM
From: Sir Auric Goldfinger	Read Replies (1) \| Respond to of 19428

ASW-funny thing is that our field operatives tell us that the ship they claimed to own but never proved they did has already moved onto Beriut, LOL. So they release this. Wonder if JPM has finally gone over there to figure things out. Wonder if anyone other that the perpatrators will ever know the truth!?! " A.C.L.N. Ltd. (ASW) rose as high as $10 in after-hours trading. It closed at $8.22 in regular trading. The automobile shipper and wholesaler said in a statement distributed by PR Newswire that it acquired interests in five ship-owning companies that transport vehicles between Asia, South America and the U.S. Company officials couldn't be reached to comment."