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To: Colin Cody who wrote (19027)	6/5/1999 10:43:00 PM
From: Moonglow	Read Replies (1) \| Respond to of 22810

That is very interesting. Anthony's last name is Elgindy. Wonder if they are related? I wonder if I'll get sued for wondering that? I wonder if I care. Juanita

To: Colin Cody who wrote (19027)	6/6/1999 1:49:00 AM
From: Anthony@Pacific	Read Replies (1) \| Respond to of 22810

You know nothing about what you speak..Thisd arbitration you speak of was filed by A.I Elgindy Vs Bear Stearns for breaching a guarantee to pay 30,000 per month pera written contract signed By Mr Chuck Daggs who quit Bear Stearns onE week after this person started working at Bear Stearns after which Bear stearns informed This person he was no longer going to get the guarantee and had to renegoiate a salary...so after only 42 days this person was forced to file this claim and Elgindy sued for 1.6 million and the arbitr4ators who have some very cozy rELATIONSHIPS With Bear Stearns counsel refused to requse themselves at least 5 times during the arbitration and found for Bear Stearns the DEFENDANT..The arbitration as itr is setup is controlled by the NASD ,...guess who acounts for almost 11% of the NASD total Budget..you guess it Bear Stearns..guesas who makwes up some of the Board of Governers at the NASD..right again...Bear Stearns...guess who plays golf with the NASD top btrass at least once a month ..thats right ...Bear Stearns CEO and President and VPs.. Think Elgindy had a shot ..to win...Not a chance... After the most incredible denial of written evidence by any arbitrators ..Bear Stearns prevailed..to win some of the leagl fees... As I understand it 30,000 or 60,000 or what ever the amount is is agood days work for Elgindy..But for your infortmation.....He will never ever ever pay it..simply because The NASD is a corrupt Boys club ..full of decrepid and cheating losers who wont let anyone in on their dirty little secrets of backscratching and market manipulation..If any chanvce arises to expose The NASD for what it is..I can assure you...Elgindy will be there, So next time you say a customer was hurt and filed an arbitration and you insinuate it was me.. I will not let it go.. In this case Elgindy was the plaiuntiff and the NASD taught Elgindy that they have the final say..and he should have n ever tried to embarass his own industry....Hog Wash.. Youa re good at twisting the facts and makingv them seem much differnt than they are but rest assured ..what I have just described is the God's Honesat truth..BTW..the 108 soes violations you spoke of are aLL COVERED IN THE FOLLOWING LINK:

To: Colin Cody who wrote (19027)	6/6/1999 2:28:00 AM
From: Anthony@Pacific	Read Replies (3) \| Respond to of 22810

HERE IS THE POST AND THE REST OF MY ANSWER, To: Andrew H (5841 ) From: Anthony@Pacific ( Ignore ) Sunday, Jan 24 1999 1:34AM ET Reply # of 37856 Guess who contacted the NASD to tell them about the violations,, I had no Idea how the trading sytem worked since I had just fired our trader at Armstrong Mickinley and turned over Armstrong the president to the FEDS,, and I ended up taking over the fIRM with $ 800,000.00 in debt,( this was in 1993 )....I did...after asking a friend about SOES, I realized it was for customers only and I did 108 trades in a 1 1/2 day period, I lost $ 1600.00 bucks doing it..and was 24 yrs old,, having never sat behind a trading desk..these were the days when you didnt need a license to trade.. I contacted the NASD and turned myself in...( Verifiable with The NASD district # 6 In Dallas, examiner Richard Manyin) They would never have known .. BTW the fine for a soes violation is $ 5000.00 per occurance after the NASD in new York was made aware of all the aid I had given to them and other agencies,, they decided the mitigating factors were significant and instead of a fine of $ 500,000 and 5 year suspension..they agreed to what you posted..Keep in mind that it took 4 years before we came to an greement because I turned down alomst every offer..and I had planned on calling the examiner himself at the hearing so as to avoid a hearing which would have cost a $ 25,000 retainer..I negotiated this settlement without ever having an attorney and it took over 4 years before they finally agreed.. This is the truth...and it was completely unintentional,,and as we all know ignorance of the rule ...wasnt a defense..It didnt matter that I was protecting the Firm and its 2500 customers or that I was never in a position of control ever in my life prior to this...I assumed this role the minute I, the vicepresident, fired the President and brought in the FEDS, because of what he was doing .. BTW the NASD is not a govt agency,,,it is a private company that is a " alleged " SELF REGULATORY ORGANIZATION,..It is supposed to regulate itself and is under the oversight of the SEC.whom it frequently refers its disciplianary matters to affirm..The SEC has never affirmed any action taken by the NASD against me.. I have no more to say about this subject .. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX Now I do have something to add, The NASD has made several rule changes in the last year and a half to try to get some good press and to lure stocks to its exchange.. First and foremost the reduction of the minimum trade a Market maker must be liable for was reeduced from 1000 shares to just 100 shares ..this basucally produced the huge volatility we now see in the markets ..a stock that would have normally gone up 3 or 4 dollars in a day is now moving 20 and 30 points in a day..The NASD eliminated the excess spread rule ..thereby minimizing exposure that market makers have at any given moment to almost zero..and placing all risk on the shopulders of the public ..these two rule s togethetr are fatal for most people..market makers canb jack up a stock on little volume and "step aside" as ECN's which are run by Unsophisticated traders..take a stock up 10 20 or 30 poionts ..then they step in when they see that buying has died down and the stock is 20 30 even 50% higher on some crap news..like a deal with yahoo or something then they in tiurn now use the ECN's and place huge fake bids just below prevailing high bids and sit on offer..shorting naked to the public who seea huge buyer an eighth or quarter point lower so thery think its still a buy..only to see those buyy orders get cancelled after the shorts have been established...and then the market mnakers step aside again..and when the hype dies and the frenzy is over... The stocks get punished severly by the same people who bought it up.. You end up with a market geared foer the incredibly sophiosticated..versus the average guy trying to make a buck.honestly.. The NASD should be disbanded and the SEC expanded to take over ..and gee..now the NASD wants to go public....guess who become the market makers...teh Bear Stearns and Goldmans of the world... they will deter,mine the price of the NASD's stock.. Thats exactly the same as if Bill Gates was asked By the Dept of Justice simply asked Bill Gates to do an internal review of his Company and they will accept his report and his reccomendations on how to fix any problems he may find.. Its a screwy sytem and the Big Boys on Wall Street have the worlds most sophisticated scam running full steam..and they have such a tight handle leash on this Cash Cow..they can never lose as it sits..Guys like me or anyother guy who sees problems with this system..are efficiently ostracized .. For the record there is not one case of illegal activity that I ever turned over to the NASD..on which they acted on..But the same exact packages were also given to the DOJ and the SEC and guess what 15 felony convictions and hundreds of millions were saved by the Govt acting on my investigations..Except for one case when I had some really good stuff on Jerry Rosen on the Quigley manipulation(He is was the MM at ALEX.running it up) Did the NASD get my help..and this by the way was six months after I walked away from the NASD memebership.voluntarily, I write a check I get it back and even the NASD cant stop that.. I was their star witness..but gues what..the NASD didnt disclose to opposing counsel that I no longer wished to be llicensed and that they revoked my license....They wanted me as a witness and knew I was the guy who could put him out of business... Anyway..They dont act till its a public embarrasment..they refused to appear on Camera with me on 20/20..they had no comment..they just sit in their IVORY towers making millions and policing themselves at the Private Country Clubs in DC and NY.... THE NASD IS A JOKE! But that stiill doesnt stop me from sending them a package on what I do..just for the record...But I know the only ones who may act are the enforcemt attorney at the SEC that dont aspire one day to end up leaving public service and work at a top Wall Street Firm.or at the NASD itself which pays better than the SEC..isnt that convenient..