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Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?

To: Len who wrote (9793)	9/24/1998 4:04:00 PM
From: Helen MacMillan	Read Replies (2) \| Respond to of 16892

To anyone and everyone- Happened to notice that the quote on MEL was not updating on DAtek after 4:30 (AST). This is the first time I have seen this. The quote showing was about 8o,ooo shares behind a 20 minute delayed quote. Has anyone ever seen this before?

To: Len who wrote (9793)	9/24/1998 4:10:00 PM
From: peter michaelson	Read Replies (1) \| Respond to of 16892

Len: Interesting. Why do you say investigators have been poking around for months? Could you point me towards any verifiable evidence, please? thanks peter

To: Len who wrote (9793)	9/24/1998 4:14:00 PM
From: RealMuLan	Read Replies (1) \| Respond to of 16892

<<Being the cynical type with regards to Datek, my guess is that they have finally been busted by the investigators that have been poking around there for months, and are being forced to buy back shares that they never had authority to sell. >> That is what I thought too. Datek finally forced to clean up their house. They have been shorting the shares which have never been borrowed for so long. KTEL was one standing-out example, and Datek got punished for that.

To: Len who wrote (9793)	9/25/1998 3:08:00 PM
From: Marty Rubin	Respond to of 16892

I once read (?) that Datek Securities and Datek Brokerage are not the same. Today's WSJ B2, "SEC Files Suite for Penny-Stock Fraud" "...In one of the administrative proceedings, the SEC alleged that Joseph W. Pellechia, a former branch manager from Datek Securities Corp. in New York, failed to supervise former Datek Broker Sheldon Maschler, who was named in a second market-manipulation case earlier this year. Specifically, the SEC division of enforcement alleged that Mr. Pellechia failed to determine whether or not Mr. Maschler has sold unregistered shares of Alter Sales Co., an auto-parts distributor...."