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To: olivier asser who wrote (7914)4/12/2005 3:59:49 PM
From: rrufff  Read Replies (1) | Respond to of 12465
 
I've garnered a little about your fights with the brokerage industry. I'm curious, with your experience, do you have any thoughts on hedge fund issues that have been raised and whether or not they are actively involved in manipulative activities such as naked short selling, the use of paid bashers/touts, association and working with chat sites, information disseminators, etc.

Thanks and take care.



To: olivier asser who wrote (7914)4/12/2005 4:11:36 PM
From: StockDung  Read Replies (2) | Respond to of 12465
 
Last March, in hiring Mr. Asser, Mr. Rea asked him to adopt the nickname of a former trader, Skibum. In an e-mail message to Mr. Asser confirming his employment contract, Mr. Rea said: "Under no circumstances will you allow anyone at Trading Places know the `real identity' of the nickname `skibum.' This is to protect the integrity and high regard many traders have for this nickname."

Mr. Rea said that he used the old nickname for Mr. Asser because he could not change his software.

Mr. Asser said he agreed to the ruse to get the job, which paid $2,500 a month. But he said he quickly clashed with Mr. Rea on stock and market calls and left the chat room on June 27. He has since become a vocal critic of Mr. Rea, telling his story to regulators and posting criticisms of Trading-places practices on other investing Web sites, like Silicon Investor.

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