Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Research Frontiers (REFR) -- Ignore unavailable to you. Want to Upgrade?

To: N. Dixon who wrote (21480)	1/19/2018 2:50:12 PM
From: N. Dixon	Read Replies (1) \| Respond to of 50246

What Asensio purports to do. From his bio: "Most importantly, asensio.com’s reporting exposed numerous instances of stock fraud, serving as a warning signal to investors – in all cases, asensio.com was able to point to what would ultimately bring about the company’s downfall." IN ALL CASES. But REFR is still in business, Mr. Asensio was sanctioned by FINRA "NASD Regulation also found that, from August 1, 1998, through July 31, 1999, Asensio & Company reported 331 sale transactions to The Nasdaq Stock Market’s Automated Confirmation Transaction ServiceSM (ACTSM) without indicating that they were short sales, as required." Here is his fight with FINRA regarding the his disbarment. Mr. Asensio has taken numerous actions in the attempt to remedy his FINRA status. These include: In 2007, a membership continuance (MC-400) application filed with FINRA;In 2009, a procedure to obtain guidance from SEC staff, through the assistance of members of Congress, pertaining to remedies available to address a FINRA sanction;In 2010, a petition for rulemaking filed with the SEC by the Alliance for Economic Stability to address issues in FINRA’s rules related to Mr. Asensio’s case;In 2010, an SEC appeal proceeding – initiated by the SEC based on Mr. Asensio’s letters – for review of the FINRA sanction and MC-400 decision; the SEC dismissed the appeal without a merits-based review on the grounds of timeliness;In 2010, an appeal of the SEC decision to the U.S. Court of Appeals for the Eleventh Circuit; the Court declined to accept the case for review;In 2010, the filing of a joint New Membership Application (NMA) and MC-400 with FINRA;In 2011, an application for SEC review of an SEC staff decision that approved a rule-change proposed by FINRA, which would automatically preclude the filing of a joint NMA and MC-400; FINRA’s rule change was automatically stayed, and to date, the Commission has not taken up the matter for review;In 2011, an appeal of the FINRA staff decision on the NMA and MC-400 to FINRA’s NAC;In 2012, an appeal to the SEC of FINRA’s decision on the NMA and MC-400; the SEC did not find grounds to set aside FINRA’s decision. And SPD products developed since his accusation on 9/11/2001 (yes THAT day and since he thought it might have been overlooked, he issued it again a week later) have grown exponentially. The price however is much lower thanks to the efforts of the shorts. And one would think that they would have covered but they keep having to short more even as they cover. not enough supply from longs. Again, I don't think the MM is carrying 1/2 million+ of shorted shares. ND