Your behavior in my opinion has breached the terms of use of Silicon Investors regarding your comments in post #4763. I see that from your followup post you hope this will be the end of your lie, but hopefully your trash talk will get you thrown off SI once it has been reviewed by the proper individuals.
To: Rick Faurot (4763 )
From: scanshift Saturday, May 29 1999 12:34PM ET
Reply # of 4774
You have been finally caught in your web of lies RICK FAUROT regarding the New York Times story. I am going to forward them your post. Lets look at the comments you made in your post. You stated that "the author has been taken off reporting about the trading business because of the total inaccuracy of his stories." Really???? Let's go to the New York Times archives and look at his stories. By the way, the he you refer to is really a she. Ms. Gretchen Morgenson is one of the most respected business writers in the world. Now, first I will give the link to her beautifully written story about Putnam, MB Trading, the Executioner, Archipelago and so on.
nytimes.com.
Now lets go to the archives of the NY Times:
archives.nytimes.com
When you get there, type in the name, Morgenson. Notice that you will find 136 references. The first one is a story written one month after the Putnam, Archipelago, MB Trading story and is dated 28 March 1999 and deals with online trading. Lying and confusing this thread that this respected reporter has been taken off covering the trading business should get you permanently terminated from Silicon Investors in my opinion.
Below are some of the recent stories from Ms. Gretchen Morgenson.
March 28, 1999, Sunday
INVESTING; Hidden Costs in On-Line Trading
MILLIONS of Americans have rushed into the brave new world of electronic stock trading. Armed with fast computers and sophisticated software, they see themselves not only at the market's epicenter but also on the same plain as professional traders. F ...
Money and Business/Financial Desk
3632 words
By GRETCHEN MORGENSON
March 28, 1999, Sunday
MARKET WATCH; Rushing In as Insiders Rush Out
Back in early February, an investing site on the World Wide Web called Trading-places.net generated a flurry of excitement among investors who followed the advice of its guru and owner, Chris Rea. Known on the web as Merlin, Mr. Rea puts his picks ou ...
Money and Business/Financial Desk
May 28, 1999, Friday
Lawyer Pleads Guilty to Securities Fraud
Hartley T. Bernstein, a well-known securities lawyer in New York, pleaded guilty yesterday to securities fraud conspiracy and perjury in Federal District Court in Manhattan and agreed to forfeit $850,000 in illegal proceeds made as an insider in five ...
Business/Financial Desk
724 words
By GRETCHEN MORGENSON
May 26, 1999, Wednesday
A Turf Battle Over Handling Of Fraud Case
A purloined prisoner in an important state securities fraud case has put two powerful prosecutors on a collision course. At one end of the tarmac is Robert M. Morgenthau, the Manhattan District Attorney, and at the other is Zachary W. Carter, the Uni ...
Business/Financial Desk
1089 words
By GRETCHEN MORGENSON
April 10, 1999, Saturday
Broker Pleads Guilty to Fraud In New Issues
As part of its investigation into corrupt activities in the securities industry, the Manhattan District Attorney, Robert M. Morgenthau, said yesterday that a former stockbroker at Duke & Company, a defunct New York brokerage firm, had pleaded guilty ...
Business/Financial Desk
709 words
By GRETCHEN MORGENSON
March 21, 1999, Sunday
MARKET WATCH; What if Day Traders Had to Pass a Test?
THE era of wide-open day trading in stocks, when any investor with money and moxie can sit down in an office and lose both, may be ending as suddenly as it dawned. Regulators, rightly worried that many day traders don't understand the risks of the pr ...
Money and Business/Financial Desk
572 words
By GRETCHEN MORGENSON
May 1, 1999, Saturday
Fraud-Fighting Plan Arouses Wall Street Ire
In an attempt to combat securities fraud among small over-the-counter stocks, the Securities and Exchange Commission has proposed that brokerage firms do more of the policing. The proposal, which is open for public comment until May 8, would require ...
Business/Financial Desk
1339 words
By GRETCHEN MORGENSON
The post from Rick Faurot
To: Rick Faurot (4755 )
From: Rick Faurot Saturday, May 29 1999 12:02PM ET
Reply # of 4766
Regarding the infamous NY Times story, it has been thoroughly discredited in every possible venue. From what I have heard, the author has been taken off of reporting about the trading business because of the total inaccuracy of his stories.
Garbage gets printed in newspapers every day. Doesn't make it true. Far from it. As I noted in an earlier post some time ago, one of my favorite old sayings goes like this:
"Believe half of what you see, and none of what you hear." Anybody know who said that, BTW?
I repeat: when the demented individual who has made it clear that his one dream in life is to destroy Terra Nova Trading stops posting garbage and lies on this thread, I'll return to civilian life. Until, then, I'll be here with the truth in case anyone is interested.
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