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Non-Tech : J.B. Oxford -- Ignore unavailable to you. Want to Upgrade?

To: Zack P who wrote (501)	2/3/1999 5:41:00 PM
From: Michael Peterson	Read Replies (1) \| Respond to of 2220

you should be nice to the shorts..... they supply longs with an exit strategy..... Yin an Yang.

To: Zack P who wrote (501)	2/3/1999 6:12:00 PM
From: Sir Auric Goldfinger	Respond to of 2220

Oh pulease. "Broker Rafi Khan Manipulated Prices, U.S. SEC Says Washington, July 30 (Bloomberg) -- Los Angeles stock broker Rafi M. Khan and another broker were charged with making at least $776,550 in illegal profits from manipulating the price of two company stocks. The U.S. Securities and Exchange Commission alleged that Khan, 47, earned $552,500 by fraudulently manipulating the stock of Future Communications Inc. in 1993 and shares in L.L. Knickerbocker Co. in 1995. Timothy Tyrrell, a broker who worked at the same Los Angeles firm as Khan in 1993, made $224,050 in improper profits from Future Communications, the SEC alleged in its complaint filed in federal court in Los Angeles. ''Rafi is a very well-known person and it's always been suspected that he engaged in questionable practices,'' said Ronald E. Wood, assistant SEC regional director for enforcement in Los Angeles. ''Now, we've collected evidence to show that Rafi engaged in fraudulent, manipulative conduct in at least two securities.'' Lawyers for Khan and Tyrrell did not return calls seeking comment. The SEC is seeking restitution for both individuals' alleged illegal gains and fines of unspecified amounts. Khan resigned from the Beverly Hills brokerage firm of Reynolds Kendrick Stratton in October 1993 amid several legal disputes involving his trading activity and the companies whose shares he pitched. Khan made clients millions of dollars in the summer of 1993 by recommending companies such as Future Communications and Spectrum Information Technologies Corp. Share prices of both increased four-fold. He also led a battle to oust former Yugoslavian Prime Minister Milan Panic from his post as head of ICN Pharmaceuticals Inc. In an investigation of ICN Pharmaceuticals, Khan's testimony drew the ire of a federal judge who found he lied under oath. Stock Collapse Shares in Future Communications, a now-defunct cable television programming company in Dallas, Texas, rose from 6 1/2 to 27 1/4 from June 1993 to August 1993. The company's stock collapsed soon after and Future Communications declared bankruptcy, the SEC said. The SEC alleged Khan and Tyrrell employed a variety of manipulative practices -- including restricting the available supply of the stock and touting wildly exaggerated earnings projections -- to run up the price of Future Communications. Tyrrell was a market maker for Future Communications' stock at Reynolds Kendrick Stratton during the time of the manipulation, the SEC said. Khan used similar manipulations, including making unauthorized customer trades, to advance shares of L.L. Knickerbocker from 6 to 52 from July 3, 1995 to August 11, 1995, the SEC alleged. Shares in L.L. Knickerbocker, a celebrity- endorsed marketing company in Lake Forest, California, then fell 46 percent, the SEC alleged. Wood alleged Khan worked in a one-person Southern California office of Shamrock Partners brokerage of Media, Pennsylvania when he manipulated the L.L. Knickerbocker shares. Shares of L.L. Knickerbocker fell 1/8 to 3. Khan and a relative had significant financial stakes in both manipulations and Tyrrell had a significant stake in Future Communications, the SEC alleged. Reynolds Kendrick's parent, RKS Financial Group Inc., changed its name to JB Oxford Holdings Inc. in August 1994 after writing off $6 million related to its investments in Future Communications. RKS closed its institutional sales business after the write-off. Beverly Hills-based Oxford, a discount brokerage that specializes in electronic trading and has a large clearing business, was raided by FBI agents and served by the SEC with subpoenas last August. At the time, agents declined to say why they raided Oxford and a spokesman for the firm said it was cooperating fully with the search. A spokesman for Oxford said then that the firm has an ad hoc consulting relationship with Irving Kott, the father of Oxford chief operating officer Ian Kott and a stock promoter who paid Dutch regulators nearly $4 million in 1990 to settle a criminal investigation into his activities in the Netherlands. --Liz Skinner in Washington (202) 624-1831 with reporting by Loren Steffy and David Evans/ge Story illustration: For graph of L.L. Knickerbocker's recent share price, type: KNIC US <Equity> GP D Company news: KNIC US <Equity> CN L.L. Knickerbocker FCMI US <Equity> CN Future Communications ICN US <Equity> CN ICN Pharmaceuticals SITI US <Equity> CN Spectrum Information Technologies JBOH US <Equity> CN JB Oxford News by category: NI SEC SEC NI SCR Securities NI LAW Legal NI EXC Exchange news NI FIN Financial services NI ADV Advertising NI News by region: NI DC Washington NI US U.S. NI CA California NI TX Texas NI PA Pennsylvania People: WHO RAFI KHAN Loren Steffy and David Evans /jhr/ge WHO TIMOTHY TYRRELL WHO RONALD WOOD WHO MILAN PANIC WHO IAN KOTT WHO IRVING KOTT For law-related SEC news: TNI SEC LAW -0- (BN ) Jul/30/ 98 18:04"