To: Harold Feller who wrote (137 ) 7/23/1998 5:49:00 PM From: Harold Feller Respond to of 217
Here a twist to the D. Fleming story I pasted here: And look at the companies he calls frauds. (COMTEX) B: Investors Fight Back Against Fraud and Corruption in the B: Investors Fight Back Against Fraud and Corruption in the Brokerage Industry; Securities Resolution Advisors, Inc. DENVER (July 15) BUSINESS WIRE -July 15, 1998--It is known as the stock that the brokerage community hates. The company is called Securities Resolution Advisors, Inc. (OTC: BB: SRAD). The mission of this Port Washington, New York-based publicly traded company is to help investors who have been victimized by fraudulent and corrupt practices of brokers and broker dealers, such as unauthorized trading, churning, pushing unsuitable investments, stock manipulation, misrepresentation of financials, etc. The company has been busy, as it currently has over $45 million in pending cases. Securities Resolution Advisors has been featured in such publications as the New York Post, Profit Magazine, Business Plus, Business in Broward, The Bradenton Herald, The Wayne Independent and many others. The Company is likely to make plenty of press in the near future, as last year there was a reported $6,000,000,000 (six billion dollars) in losses blamed on investment swindlers. Fraud and corruption among broker dealers has been a serious problem, with many high profile firms in the "hotseat:" Morgan Stanley and Dean Witter (NYSE: MWD), (AMEX: APP), (AMEX: MPQ), (NYSE:BGS), Bear Stearns (NYSE: BSC) and others. Some high profile, publicly traded companies have also been subject to securities violation allegations: America Online, Inc. (NYSE: AOL), The Boeing Company ( NYSE: BA), Boston Chicken (NASDAQ: BOST), Caribbean Cigar Company (NASDAQ: CIGR), Compaq Computer Corporation (NYSE: CPQ), Einstein Noah Bagel Corp (NASDAQ: ENSX), Sunbeam Corporation (NYSE: SOC), Tele-Communications, Inc. (NASDAQ: TACOMA). Securities Resolution Advisors recently became a publicly traded company by taking over a public shell in a reverse merger. The Company did this because it felt it would never have the support of the brokerage community needed for an IPO. More information about SRAD can be found at the corporate website at recoverlosses.com or atwallstreetwest.com -0- SH/dx* CONTACT: Diversified Marketing Concepts, Henderson, Nev. Daryn Fleming, 702/451-8490 KEYWORD: COLORADO INDUSTRY KEYWORD: BANKING Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com *** end of story ***