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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation? -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (2539)	6/23/2007 8:54:12 AM
From: kknightmcc	Respond to of 5034

It is verified. This is all over the news: Brookstreet Securities says closes after CMO losses Fri Jun 22, 2007 2:16pm ET NEW YORK, June 22 (Reuters) - Brookstreet Securities Corp., an Irvine, California broker-dealer, closed its doors on Friday after heavy losses in the collaterialized mortgage obligation market, terminating at least 650 independent brokers, the firm's president said. Brookstreet President Stanley Brooks said the firm faced heavy markdowns over the last two weeks in its CMO investments held in margin accounts and was forced to close. Brooks said the firm had a value of about $17 million at the end of May which has evaporated. He said he turned down several tentative offers to recapitalize the firm. "I am flabbergasted," said Brooks, 59. "My life's work is gone."