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

To: Axxel who wrote (10135)	7/15/2002 9:09:39 AM
From: StockDung	Respond to of 19428

Euro Rises to $1 for the First Time in More Than Two Years By Geraldine Ryerson-Cruz New York, July 15 (Bloomberg) -- The dollar fell past the $1 per euro level for the first time since February 2000 and sank to a 10-month low against the yen as foreign demand for U.S. financial assets waned. The U.S. currency weakened to $1.0033 per euro, from 99.14 cents per euro late Friday in New York. It has declined 13 percent in the past five months to its weakest level since Feb. 24, 2000. Against Japan's currency, the dollar sank to 115.93 yen, its lowest level since Sept. 20, from 116.88 Friday. ``This is about capital flows into the U.S. drying up,'' said Paul Podolsky, chief currency strategist at Fleet Global Markets in Boston, who expects the currency to weaken to $1.02 per euro this quarter. Today's move through $1 means ``we're getting there fast,'' he said. The dollar has declined this year alongside a slump in stocks. The Standard & Poor's 500 and Nasdaq Composite stock indexes last week fell to their lowest levels since 1997 on concern companies have falsely inflated earnings and speculation profits won't soon rebound. Many U.S. companies will report second- quarter earnings this week. ``With accounting problems at companies, investors aren't so keen on holding U.S. assets,'' said Myrvin Anthony, an economist in London at Old Mutual Asset Managers, which oversees about $8.8 billion. ``People aren't too sure which numbers they can trust and that's hitting the equity market very hard.'' The euro may rise to $1.05 by the end of the year, he said. Greenspan Federal Reserve Chairman Alan Greenspan will deliver the U.S. central bank's semiannual report on monetary policy and the economy to the Senate tomorrow. A downbeat assessment could fuel more declines in the dollar, analysts said. The dollar fell on Friday after the University of Michigan's consumer-sentiment index unexpectedly dropped in its steepest decline since the September terrorist attacks. A Goldman Sachs index suggests one euro should buy $1.19. Goldman, which handles the fourth-largest share of trading in the $1.2 trillion-per-day currency markets, forecasts the euro will rise to $1.12 in the next year, and recommends clients buy euros and sell dollars. Germany's BGA association of exporters cut its forecast for expansion in the euro area's largest economy this year to 0.6 percent from 0.9 percent, three months after raising it, citing the euro's gain against the dollar. The rise in the dozen-nation currency makes German products more expensive abroad, potentially cutting demand for the goods. The dollar is still about 16 percent stronger than when Europe's common currency started trading in January 1999, at $1.16675. `Favorable Level' The yen's gain may be limited after Haruhiko Kuroda, vice finance minister of international affairs, said the government's currency policy is unchanged, indicating it may sell yen for an eighth day in as many weeks. Japan is trying to thwart gains that erode exporters' profits. Japan sold yen on seven days since May 22, and the currency has risen almost 6 percent against the dollar since then. Before Kuroda's remarks, Finance Minister Masajuro Shiokawa on Sunday signaled the government will again sell the currency by saying the country wants to see the yen fall. ``The dollar trading between 125 yen and 130 yen is a favorable level for the Japanese economy,'' Shiokawa said on Asahi National Broadcasting Co.'s business television program ``Sunday Project.''

To: Axxel who wrote (10135)	7/15/2002 1:33:46 PM
From: StockDung	Read Replies (1) \| Respond to of 19428

NASD Registered Person: GEORGE AXXEL KNUTSON CRD Number: 272778 ****************************************************************************** REGULATORY ACTIONS **************************************************************************** DISCLOSURE INFORMATION This section lists regulatory actions that were reported to the CRD and are disclosable through the Public Disclosure Program. Disclosable regulatory actions include formal proceedings initiated by a regulatory authority (i.e., a state securities agency, the NASD, New York Stock Exchange, foreign regulatory body, etc.) for a violation of investment-related rules or regulations. In addition, revocations or suspensions of a broker's authority to act as an attorney, accountant or federal contractor will appear here. Some of the fields in this section of the report may be blank if the information was not provided to CRD. OCCURRENCE COUNTS 2 Record(s) **************************************************************************** FIELD DEFINITIONS ** * Reporting Source: The form through which details of the regulatory action was reported to CRD. * Date Reported: The date the regulatory action was reported to CRD. * Initiated By: The name of the securities regulator that initiated the regulatory action (e.g., regulator, foreign financial regulatory authority, self-regulatory organization, federal agency such as SEC, state, etc.). * Date Initiated: Date the regulatory action was initiated. * Docket/Case Number: Docket or case number of the regulatory action. * Employing Firm: Firm where broker was employed when activity occurred that led to the regulatory action. * Allegations: Allegations made against the broker leading to the regulatory action. * Current Status: The current status of the regulatory action (i.e., pending, on appeal or final). * Resolution: The resolution of the regulatory action (e.g., acceptance, waiver and consent; decision; decision and order of offer of settlement; order; settled; etc.). * Resolution Date: The date the regulatory action was resolved. * Sanction Details: Additional details regarding any sanctions ordered. * Summary: A summary of the details related to the regulatory action. ****************************************************************************** **** REGULATORY ACTION (1 of 2) **** Reporting Source: Regulator (Form U-6) Date Reported: 07/06/1973 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 09/27/1973 Docket/ Case Number: CA-478 Employing Firm: Allegations: Current Status: Final Resolution: Decision Resolution Date: 09/27/1973 Sanctions Ordered: Revocation/Expulsion Resolution Details: NASD Public Disclosure Program July 15, 2002 Page 6 This information is current as of: 07/15/2002 ________________________________________________________________________________ NASD Registered Person: GEORGE AXXEL KNUTSON CRD Number: 272778 REGULATORY ACTIONS(cont.) Summary: COMPLAINT NO. CA-478 FILED NOVEMBER 14, 1972 BY DISTRICT NO. 2 AGAINST RESPONDENTS MITCHUM, JONES & TEMPLETON, INCORPORATED, GEORGE L. KNUTSON, AND ALLEN L ROLAND ALLEGING RESPONDENTS ROLAND AND KNUTSON CAUSED EXCESSIVE ACTIVITY IN A CUSTOMER'S ACCOUNT; RESPONDENTS MEMBER AND KNUTSON AND ROLAND CAUSED TRANSACTIONS TO BE EXECUTED WITHOUT HAVING PRIOR WRITTEN DISCRETIONARY AUTHORITY; AND RESPONDENT MEMBER FILED TO PROPERLY SUPERVISE RESPONDENTS ROLAND AND KNUTSON. DECISION RENDERED JULY 6, 1973 WHEREIN THE OFFER OF SETTLEMENT SUBMITTED BY RESPONDENTS WAS ACCEPTED; THEREFORE, RESPONDENT MEMBER IS FINED $2,000, AND ROLAND AN KNUTSON ARE FINED $2,500 EACH. SEPTEMBER 27, 1973 - RESPONDENT KNUTSON'S REGISTRATION WAS REVOKED FOR NON-PAYMENT. JUNE 8, 1974 - FINE PAID BY ROLAND JULY 6, 1973 - FINED PAID BY KNUTSON ON INSTALLMENT. ******************************* Reporting Source: Broker (Form U-4) Date Reported: 03/08/1990 Initiated By: NASD-SAN FRANCISCO Date initiated: 09/27/1973 Docket/ Case Number: CA-478 Employing Firm: Allegations: EXCESSIVE TRADING ACTIVITY IN AN ACCOUNT IN PARTNERSHIP WITH ANOTHER RR Current Status: Final Resolution: Decision Resolution Date: 09/27/1973 Sanctions Ordered: Revocation/Expulsion Resolution Details: NASD CENSURE AND FINE ($2,500) WITH ADMITTING OR DENYING GUILT Summary: A/C IN PARTNERSHIP WITH ANOTHER BROKER. I CONDUCTED INVESTMENT RESEARCH, OTHER BROKER MANAGED A/C. **** REGULATORY ACTION (2 of 2) **** Reporting Source: Regulator (Form U-6) Date Reported: 07/06/1973 Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Date initiated: 11/14/1972 Docket/ Case Number: CA-478 Employing Firm: MITCHUM, JONES & TEMPLETON INCORPORATED Allegations: Current Status: Final Resolution: Decision & Order of Offer of Settlement Resolution Date: 07/06/1973 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $2,500.00 Resolution Details: Summary: COMPLAINT NO. CA-478 FILED NOVEMBER 14, 1972 BY DISTRICT NO. 2 AGAINST RESPONDENTS MITCHUM, JONES & TEMPLETON, INCORPORATED, GEORGE L. KNUTSON, AND ALLEN L ROLAND ALLEGING RESPONDENTS ROLAND AND KNUTSON CAUSED EXCESSIVE ACTIVITY IN A CUSTOMER'S ACCOUNT; RESPONDENTS MEMBER AND KNUTSON AND ROLAND CAUSED TRANSACTIONS TO BE EXECUTED WITHOUT HAVING PRIOR WRITTEN DISCRETIONARY AUTHORITY; AND RESPONDENT MEMBER FILED TO NASD Public Disclosure Program July 15, 2002 Page 7 This information is current as of: 07/15/2002 ________________________________________________________________________________ NASD Registered Person: GEORGE AXXEL KNUTSON CRD Number: 272778 REGULATORY ACTIONS(cont.) PROPERLY SUPERVISE RESPONDENTS ROLAND AND KNUTSON. DECISION RENDERED JULY 6, 1973 WHEREIN THE OFFER OF SETTLEMENT SUBMITTED BY RESPONDENTS WAS ACCEPTED; THEREFORE, RESPONDENT MEMBER IS FINED $2,000, AND ROLAND AN KNUTSON ARE FINED $2,500 EACH. SEPTEMBER 27, 1973 - RESPONDENT KNUTSON'S REGISTRATION WAS REVOKED FOR NON-PAYMENT. JUNE 8, 1974 - FINE PAID BY ROLAND JULY 6, 1973 - FINED PAID BY KNUTSON ON INSTALLMENT. ******************************* Reporting Source: Broker (Form U-4) Date Reported: 03/24/2000 Initiated By: NASD-SAN FRANCISCO Date initiated: 11/14/1972 Docket/ Case Number: CA-478 Employing Firm: MITCHUM, JONES & TEMPLETON INCORPORATED Allegations: EXCESSIVE TRADING ACTIVITY IN AN ACCOUNT IN PARTNERSHIP WITH ANOTHER RR Current Status: Final Resolution: Decision & Order of Offer of Settlement Resolution Date: 07/06/1973 Sanctions Ordered: Monetary/Fine, Censure Monetary Amount: $2,500.00 Resolution Details: NASD CENSURE AND FINE ($2,500) WITH ADMITTING OR DENYING GUILT Summary: A/C IN PARTNERSHIP WITH ANOTHER BROKER. I CONDUCTED INVESTMENT RESEARCH, OTHER BROKER MANAGED A/C. AGREED TO CENSURE AND FINE W/O ADMITING VALIDITY OF ALIGATIONS CENSURE AND FINE $2500. (PAID) NASD Public Disclosure Program July 15, 2002 Page 8 This information is current as of: 07/15/2002 ________________________________________________________________________________ NASD Registered Person: GEORGE AXXEL KNUTSON CRD Number: 272778 **************************************************************************** JUDGMENT/LIEN ACTIONS **************************************************************************** DISCLOSURE INFORMATION This section contains information regarding unsatisfied judgments and/or liens that were reported to CRD. These events are disclosable through the Public Disclosure Program and include only those judgments and/or liens that remain unsatisfied. Some of the fields in this section of the report may be blank if the information was not provided to CRD. OCCURRENCE COUNTS 1 Record(s) **************************************************************************** FIELD DEFINITIONS ** * Reporting Source: The form through which details of the judgment or lien was reported to CRD. * Date Reported: The date the action was reported to CRD. * Judgment/Lien Holder: The name of the judgment or lien holder. * Judgment/Lien Filed Date: Date the judgment or lien was filed with the appropriate authority. * Judgment/Lien Type: The type of judgment or lien (e.g., civil, default, tax). * Judgment/Lien Amount: Dollar amount of the judgment or lien. * Court Details: Details regarding the court the action was brought in (e.g., name and location of court, docket/case number, etc.). * Summary: A summary of the events leading to the action. ****************************************************************************** ** JUDGMENT/LIEN ACTION (1 of 1) ** Reporting Source: Broker (Form U-4) Date Reported: 03/24/2000 Judgment/Lien Holder: TOZZI F Judgment/Lien Type: Civil Judgment/Lien Amount: $100.00 Judgment/Lien Filed Date: 04/17/1995 Court Details: SOMERVILLE, NJ Summary: SHOWED UP ON CREDIT REPORTING SERVICES BUT CREDITORS IS UNKNOWN TO ME AND UNABLE TO LOCATE. SUSPECT IT IS INCORRECT NAME, ATTORNEY SUGESTS TO IGNORE SINCE IT WILL DROP OFF ALL REPORTING AGENCIES IN 2002. I WILL TAKE NO ACTION TO REMOVE THIS. ******** END OF REPORT **********

To: Axxel who wrote (10135)	7/15/2002 3:09:39 PM
From: StockDung	Respond to of 19428

Pennsylvania Attorney General Fisher Calls for Stiffer Penalties for Corporate Fraud; Offers Bill Making Securities Fraud A Racketeering Offense HARRISBURG, Pa., July 15 /PRNewswire/ -- Attorney General Mike Fisher today unveiled a legislative plan that would significantly increase the state criminal penalties for corporate officials who defraud Pennsylvania investors, including making violations of the Pennsylvania Securities Act a racketeering offense, and would give prosecutors more authority to go after corporate criminals. "Millions of Pennsylvanians own stocks and bonds and are relying on those investments for their retirement or their children's education," Fisher said. "We need to do all we can to improve their confidence in our economic system and punish those who defraud our citizens and rob them of their investments." Fisher noted that President Bush last week proposed increasing the federal criminal penalties for corporate fraud. While he applauded the president's efforts, Fisher said the state must also strengthen its laws to give regulators and prosecutors the tools to crack down on corporate fraud. Fisher proposed a greater role for the Attorney General's Office, which has experience in prosecuting white-collar crime, in probing securities fraud and crooked investment schemes. "We need to use all our resources in exposing the corporate crooks whose greed is fed by defrauding Pennsylvania investors. And when we find them, they should be severely punished," Fisher said. "Stealing is a serious crime - no matter if the thief breaks into your house and steals your belongings or breaks into your portfolio and robs your retirement savings." Fisher proposed amending the state Corrupt Organizations Act to add violations of the Securities Act to the list of racketeering offenses. Fisher noted that the current list of racketeering activities includes drug dealing, bribery, corruption and insurance fraud. Fisher proposed adding Securities Act violations and deceptive business practices to the list of offenses. "We have used the state racketeering act to go after drug dealers who run their illegal enterprises as businesses," Fisher said. "Prosecutors should be able to use the same statute to go after white-collar criminals who use their businesses as illegal enterprises." In addition to the racketeering offenses, Fisher urged the Pennsylvania General Assembly to make the following legislative changes: -- Increase the offense for violating the Pennsylvania Securities Act from a first-degree misdemeanor to a third-degree felony. Increase the penalties from as many as five years in prison to seven years. -- Increase the offenses for fraudulent securities sales, defrauding non-profit organizations and defrauding public schools from a third- degree felony to a second-degree felony. Increase the penalties from as many as seven years in prison to 10 years. -- Amend the Securities Act to give the Attorney General's Office concurrent original jurisdiction with the district attorneys to investigate and prosecute violations. Currently, the law requires the Pennsylvania Securities Commission to refer cases to the Attorney General's Office for investigation. Fisher noted that his office has investigated complex, white-collar criminal cases, most notably the Allegheny Health, Education and Research Foundation (AHERF) case in which Fisher charged AHERF officials with raiding $52 million in charitable funds to prop up the ailing health system. Fisher said his office, along with district attorney offices, could greatly assist the state Securities Commission in probing allegations of corporate fraud. In addition to the criminal legislative proposals, Fisher said his Civil Litigation Section has been working with Public School Employees Retirement System (PSERS) and the State Employees Retirement System (SERS) to recoup losses the funds incurred in the Enron and WorldCom scandals. Fisher's office represents the retirement funds in a securities fraud class action against Enron, its officers, accountants, bankers and lawyers, and in the Enron bankruptcy. Fisher said his office will pursue similar actions against WorldCom and its principals, and against any other corporation and their officials who defraud the retirement funds or any Commonwealth agency. "We need to show the criminals who cook their books that we will not stand by and let them steal from our citizens," Fisher said. "We need to go after them both in criminal and civil court. I believe that strong enforcement of our laws is the best way to increase investor confidence, help our economy grow and ensure a prosperous future for Pennsylvania." CONTACT: Sean Connolly, Press Secretary of the Pennsylvania Office of Attorney General, +1-717-787-5211. MAKE YOUR OPINION COUNT - Click Here tbutton.prnewswire.com SOURCE Pennsylvania Office of Attorney General CO: Pennsylvania Office of Attorney General; Public School Employees Retirement System; State Employees Retirement System; Allegheny Health, Education and Research Foundation; WorldCom ST: Pennsylvania SU: LEG LAW prnewswire.com 07/15/2002 14:29 EDT