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Strategies & Market Trends : One Big Scam? CTRN, ECTS, IVHD, SMEK & MALB -- Ignore unavailable to you. Want to Upgrade?

To: Bear Down who wrote (194)	1/28/1999 3:52:00 PM
From: StockDung	Read Replies (5) \| Respond to of 559

Citron, Electronic Transfer, Polus Shares Linked, MSNBC Reports New York, Jan. 28 (Bloomberg) -- Citron Inc., Electronic Transfer Associates Inc., and Polus Inc., whose shares have risen dramatically under dubious circumstances, are linked to disbarred former stockbroker Peter C. Tosto and public information about them is hard to come by, MSNBC reported. Smartek Inc. and Malibu Inc. also are linked to Tosto, who was forced out of the securities industry by the Nasdaq Association of Securities Dealers in 1991 for swindling investors and was fined $1.1 million by the Securities and Exchange Commission in 1997 for his involvement with San Diego Bancorp shares. Investors have no way to verify claims made in certain press releases by these companies, nor are they likely to see through ''misleading puffery,'' MSNBC reported. Citron, Electronic Transfer, Malibu, Polus, and Smartek shares trade on Nasdaq's Over the Counter bulletin board exchange. 14:56:01 01/28/1999 Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 1999 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.