A@P; Amr "Anthony" Elgindy Discussion; Anthony@Pacific
- KirkL
- Thruhiker
- Outrider
- Karin
- Hugs
- Thruhiker
- RandeS
- TONYBRIG
- Hugs
- TONYBRIG
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» KirkL - Peom
Posted on SI's now mostly dead A@P thread:To: +David Petty (44545 ) From: + impristine
Saturday, Sep 18 1999 7:06PM ET
ode to the in your face
dude,,,
rack em,
smack em,
just
keep
hackin em,
don't let em
hurt you,
don't let em
get you down,
they are only as stupid,
as they project themselves,
it's not even about you,
my man,
it's not about you,
it's about them,
it's about their fear,
about their projection,
of themselves,
on the situation,
on the underlying feeling,
that they don't even know ,
they have,
it's weird man,
it's not really about you,
you struck a chord,
you made them think,
you made it happen,
made them stand up
and take notice,
you may have had bizarre,
strange methods,
but you got their attention,
therefore,
it was a success,
it is a success,
it's about their fear,
and you,
in your own way,
won the war,
they won the battle,
they lost the war,,,,,,
-- posted by KirkL
» Thruhiker - Disciplinary Actions
Can anyone reconcile the hero/cult status of A@P with the following NASD disciplinary action?Disciplinary Actions
Disciplinary Actions Reported For November
NASD Regulation, Inc. (NASD RegulationSM) has taken disciplinary actions against the following firms and individuals for violations of National Association of Securities Dealers, Inc. (NASD®) rules; federal securities laws, rules, and regulations; and the rules of the Municipal Securities Rulemaking Board. Unless otherwise indicated, suspensions will begin with the opening of business on Monday, November 17, 1997. The information relating to matters contained in this Notice is current as of the end of October 24.
Firms Expelled, Individuals Sanctioned
Amr I. Elgindy (Registered Principal, Colleyville, Texas) submitted an Offer of Settlement pursuant to which he was fined $30,000, suspended from association with any NASD member in any principal capacity for one year, suspended from association with any NASD member in any capacity for 30 days, and required to produce a copy of his member firm’s implemented written supervisory procedures
specifically with respect to overseeing his activities to deter and detect a recurrence of the conduct alleged in the complaint. Without admitting or denying the allegations, Elgindy consented to the described sanctions and to the entry of findings that he caused his member firm to execute 108 orders through SOES for the firm’s account. The findings also stated that Elgindy caused his member firm to enter non-bona fide orders through the SelectNetSM System for the firm’s account that were either timed out or canceled by Elgindy before they could be executed. Furthermore, the NASD found that Elgindy caused trades reported to ACT to be canceled by failing to acknowledge or confirm such trades. The NASD also determined that Elgindy failed to ensure that his member firm establish, maintain, and enforce supervisory procedures that would have enabled the firm to deter and detect the above conduct.
-- posted by Thruhiker
» Outrider - Hmmm...
It appears as though our house guests have more or less vacated the premises...If any of you are still lurking out there, please feel free to join us on the numerous threads in progress. Otherwise, since the party seems to be over - I vote we clean up and turn out the lights.
As always, it is just my observation and opinion...and not representative of management, any local, regional, state, national, religious, ethnic or eclectic entity... you get the idea...
-- posted by Outrider
» Hugs - Pretty poor research if you can't find out any more than that.
Really weak or lazy, I'd say. Unless, of course, you didn't post on all that you knew about. In which case, it appears to have an agenda in mind. Maybe you should really find out who and what the NASD is. There's a big distinction between them and the SEC, whether you knew it or not. Huge difference. One is a governmental agency, the other a private organization.If you think NASD is snow white pure in their self policing affairs... Well, let's just say that there are quite a number of people that regard them as the foxes watching over the hen house. Just perhaps it would serve you well to take a second look just in case you're one of the ones wearing the feathers. Do you get my point?
And Karin, speak for yourself. Just because some perfer to sit in the darkness does not mean everyone does. If you like the clickiness displayed by some of the other threads, so what? Seems like I recall "Robin Hood" being a pretty popular seller in the book store. Even if most of the readers don't live like that (as they chose not to), they evidently still really like reading about it.
If there is no substance to it, it will come to naught, like all things that have no real substance. It won't need any assistance in getting there.
Hu
-- posted by Hugs
» RandeS - If the NASD if far from "pure as the driven snow," when they do
If the NASD if far from "pure as the driven snow," when they do take action it should be all the more noteworthy. Seems they would be loathe to suspend trading (the bread and butter of their members) unless the violations were truly egregious. I know that sounds like "where there's smoke there's fire," but it rings true.-- posted by RandeS
-- posted by TONYBRIG
» Hugs - You had asked the question.
I had an answer, and I gave it in a pretty consise and to the point manner. Of course it's a controversial issue. That's partly why it attracts so much interest from so many people (no matter what their position on the matter is.) And I gave a reasonable explanation for the cult/hero status you inquired about. So how do you figure I avoided the message?Question your motives? Sure. Why shouldn't I. Anybody that can come up with the information you posted has obviously pulled it up from somewhere. With what ability did you find that? And if you had the ability to find that, why wouldn't anyone question why you only presented it in such a focused and accusatory manner like, "Okay everybody... who can explain this about this guy...?" Maybe the information did "fall into your lap" and you are simply wondering about it. I'll also grant you that it could have happened that way. But I'm certainly not going to assume that either, as it really wasn't presented like that. Especially when your last prost is a further indication that you are especially quick at the personal attacks. Are most readers to presume that is founded on a factual basis as well? Personal attacks usually are a last resort in any discussion.
Rande...
I hardly know what to say to you, but frankly, I'm surprised. So, if you don't mind, perhaps I'll use your own words, if that's okay...
"where there's smoke there's fire"
Here's one section of the above SEC report:
Although the findings of the Commission's investigation are consistent with that conclusion, one need not determine that the pricing convention arose out of explicit "collusion" to find that the convention had anticompetitive consequences and was harmful to the interests of investors.
Apparently, if you didn't want to "play ball" the way you were "supposed" to... welll, read the report if you'd like. Since when did money and power not breed a little corruption along the way.
When a professed ex-NASD market maker is out to proclaim corruption within the private organization that he voluntarily chose to exit rather than to pay the wrist slap penalty... it draws interst. Who exactly was it now that was the subject of the SEC investigation? Interesting indeed.
Hu
-- posted by Hugs
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