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Microcap & Penny Stocks : PanAmerican BanCorp (PABN) -- Ignore unavailable to you. Want to Upgrade?

To: Siber who wrote (35967)	5/14/1999 5:29:00 PM
From: Lucky Charm	Respond to of 43774

Please Helene, refer to him as "Wonder Boy" or "Boy Wonder" It amuses me "TUTU" no end to picture him in a tutu and a cape romping around his house thinking up this stuff...

To: Siber who wrote (35967)	5/14/1999 9:05:00 PM
From: jhild	Read Replies (3) \| Respond to of 43774

Oooops. GREENWAY IN THE NEWS, Helene. Looks like more keeps coming to light about Greenway Capital. I will refrain from comment about Charlie Vaccaro, except to note that the period described looks like it overlaps his employment there. For Release: Wednesday, September 23, 1998 NASD Regulation Continues Microcap Market Focus; Complaints Name Brokers At Greenway Capital and Kensington Wells Washington, D.C.—NASD Regulation, Inc., today announced that it has filed complaints in two microcap fraud cases. A total of 23 brokers at Greenway Capital and Kensington Wells, Inc., were named in the two separate complaints. In both cases, NASD Regulation's complaints allege a series of fraudulent practices and the extensive use of abusive and high-pressure "boiler room" sales tactics to sell low-priced speculative securities to retail investors. Greenway Capital Corp. At Greenway Capital Corp., a now defunct New York, NY, brokerage firm that was also known as Cortlandt Capital Corp., 11 brokers – including the firm's President, John J. Margiotta; and one of its owners, Fred R. Luthy – were charged with a variety of sales practice and supervisory violations. Also named in the complaint are: Alan J. Mandel, Jason A. Prussing, James J. Crimi, Jeffrey S. Geoghegan, Javier Hernandez, James Morrill, Joseph A. Ricci, Cosmo Scali, and Joseph S. Tarulli. NASD Regulation charged seven of the 11 brokers with fraud in connection with the April 1996 underwriting of Dialysis Corporation of America (DCA). Based on interviews with investors across the country, and after investigating customer complaints against the firm and its brokers, NASD Regulation uncovered evidence of numerous instances of unauthorized trading, misrepresentations, and the use of illegal boiler room sales tactics. For example, many investors complained that Greenway's brokers threatened to cancel their purchases of the initial public offering (IPO) if the investors refused to make additional investments in DCA. The complaint also charges that many investors had their purchases canceled when they refused to buy additional DCA shares in the aftermarket. In addition, NASD Regulation charged that the owners of certain favored accounts – such as former Greenway brokers, a relative of a current Greenway broker, and a former girlfriend of a Greenway broker – were permitted to purchase securities (both stock and warrants) in the IPO, and then sell them back to Greenway for a quick profit. These customers were not required to purchase DCA shares in the aftermarket. The complaint alleges that in the DCA offering Greenway used young, inexperienced brokers to sell low-priced, highly speculative securities to retail customers through boiler room sales tactics such as: trading without customer authorization; making material misrepresentations including making baseless price predictions; omitting material information; guaranteeing future stock performance; failing to execute customer orders; and not executing orders promptly. NASD Regulation also charged six of the 11 brokers with unauthorized trading in connection with Greenway's dealings in several "house stocks," including: Hariston Corporation, Consolidated Western & Pacific Resources, Smartel Communications Corp., and J.B. Oxford Holdings, Inc. House stocks are generally viewed as those that have been underwritten by a single brokerage firm in circumstances where that firm is in control of much of the company's outstanding shares and dominates the aftermarket trading. The complaint alleges a series of violations with respect to these stocks, including: unauthorized trading; material misrepresentations and omissions; baseless price predictions; falsifying firm records; failing to follow customer instructions to sell securities; misusing customer funds; and violating state Blue Sky laws. Greenway is not named in the complaint because the Securities and Exchange Commission (SEC) revoked its securities industry registration on June 19, 1998. The complaint does not allege any wrongdoing on the part of the issuers. Previously, seven other Greenway brokers were barred from the securities industry and agreed to pay a total of $1.2 million in fines as a result of NASD Regulation's investigation. Three of the seven – Jack Basile, Joseph Lanni, and Giuseppe Temperino – also consented to findings that they arranged for impostors to take their Series 7 qualification exams. The remaining four were: Rocco Basile, Peter DelBalso, Giuseppe Bonetti, and Salvatore Panetta. http://www.nasdaqnews.com/news/pr/ne_section98_94.html

To: Siber who wrote (35967)	5/16/1999 2:51:00 AM
From: PCModem	Read Replies (1) \| Respond to of 43774

Today's "Smarter than jhild" awards Today's award goes to (drum roll please!) Helene and Howard C! Both of whom noticed the FACT that Charles did NOT work for Greenway when they got into trouble with the SEC. I award myself "honorable mention" for noticing that the entire discussion of Greenway's problems with the SEC have nothing whatsoever to do with the topic of this board which is PABN. It seems that if it has nothing to do with PABN and if it has nothing to do with anyone associated with PABN then jhild thinks it is evidence of improper, er, umm, something-or-other by PABN. Otherwise why oh why oh why would he bring it up in the first place??? Can anyone say obfuscation? (or, if you can't say that word, can you say clueless?) Hmmmmmm PCM GO PABN!!!