Seriously take a look at what the owner of Kaching Kachine was up to - scamming the securities commission when he placed Shopping dot com on the block.
Yes - read it and learn.
May 30, 1998 |
Continuing a series of legal charges and countercharges, Irvine-based brokerage Waldron & Co. Inc. filed Friday for arbitration to resolve a complaint alleging that Bear, Stearns Inc. refused to honor trades in stock of Shopping.com, a Corona del Mar Internet retailer. Waldron asked the National Assn. of Securities Dealers to hear charges that Bear, Stearns refused to honor stock purchases totaling $900,000 for Waldron's customers.
- Menzer & Hill, P.A.Securities Attorneys Contact for a Free Case Evaluation www.suemyadvisor.com
- Lehman Structured NotesLehman Principal Protected Notes (212) 696 - 1999 www.laxneville.com
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BUSINESS
May 21, 1998 |
NASD Regulation Inc., the enforcement arm of the National Assn. of Security Dealers, rejected a plea for arbitration against Waldron & Co. of Irvine and its clearing broker, Los Angeles-based Wedbush Morgan Securities, that alleged manipulation of Shopping.com shares. Eagle Opportunities Fund, which filed the complaint, "does not have the standing" to bring an arbitration proceeding against Waldron and Wedbush because Eagle was not a customer of either firm, NASD Regulation ruled.
BUSINESS
April 2, 1998 |
Shopping.com Chairman Bill Gross has resigned from the beleaguered Internet retail company a little over a year after arriving on the board of directors, according to Securities and Exchange Commission documents. In a two-paragraph letter dated March 24, Gross tendered his resignation, effective immediately, saying that as chairman of Idealab, an Internet start-up incubator, he was committed to devoting time to early-stage companies and not serving as a director for public companies.
BUSINESS
March 28, 1998 |
A cable news station reported Friday that up to 23% of beleaguered Shopping.com's revenue consists of purchases made by Waldron & Co., the brokerage that took the Internet retailer public. It would be highly unusual for Waldron, as the underwriter, to also be the source of such a large share of Shopping.com's revenue, according to the report by MSNBC. The latest report adds to the controversy over possible manipulation in Shopping.com's stock price.
BUSINESS
March 26, 1998 |
Shopping.com Chief Executive Robert J. McNulty said Wednesday that the online retailer is "cooperating fully" with a Securities and Exchange Commission investigation into the trading of its stock. McNulty, in a three-paragraph statement, also said he "fully expects" the company's shares to resume trading when the 10-day ban expires April 6. The SEC implemented the trading ban Tuesday, saying it was looking into possible market manipulation of the stock. Some traders are blaming Waldron & Co.
BUSINESS
March 25, 1998 | ,
Citing possible market manipulation, the Securities and Exchange Commission suspended trading Tuesday in the shares of online retail service Shopping.com Inc. Trading will be suspended for about two weeks because of a "lack of current and accurate information" about the company, the SEC said Tuesday. Critics have questioned the prospects of the online retailer and whether its market maker, Waldron & Co. of Irvine, may have propped up its stock price.
Do you think Waldron and Co might have been run or operated by McNulty Probably not on the surface - but I'll bet there are ties that people are missing.
I don't have the time to research that much information - but if someone out there has bothered to look that info up and knows - please pass it along in a comment or email to joeblink007 at gmail dot com.
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