Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Ameritrade Shareholders Approve Acquisition of TD Waterhouse
Wednesday January 4, 6:21 pm ET
Deal Benefits Clients & Shareholders
OMAHA, Neb.--(BUSINESS WIRE)--Jan. 4, 2006--Ameritrade Holding Corporation (NASDAQ:AMTD - News) announced that its shareholders have voted to approve the proposed acquisition of TD Waterhouse at a special shareholders meeting. The acquisition received the necessary votes for approval with over 97 percent of the votes cast in favor of the deal. Over 72 percent of shareholders voted.
Ameritrade's Board of Directors also declared the $6.00 per share special cash dividend, contingent on the closing of the acquisition of TD Waterhouse.(1) Closing of the acquisition is expected on Jan. 24, 2006.
"Our shareholders' support for this transaction represents their affirmation of the financial and strategic value of this deal. Shareholders will receive one of the largest dividends paid in U.S. history. Our clients will benefit from a full spectrum of offerings, covering everything from a do-it-yourself online experience to branches and advisors for investors who want more help," said Joe Moglia, chief executive officer.
Combined Earnings and Closing Conference Call
The Company will conduct a conference call on Jan. 25, 2006, at 6:30 a.m. CT (7:30 a.m. ET). Topics for the call will include results from the December quarter, the vision of the combined company and financial outlook for fiscal year 2006 and 2007.
Annual Shareholders Meeting Set
Ameritrade will hold its annual shareholders meeting at the Joslyn Art Museum in Omaha, Neb. on Thursday, March 9, 2006, at 10:30 a.m. CT (11:30 a.m. ET).
The Company will Web cast the meeting on Ameritrade Holding Corporation's Web site at www.amtd.com.
About Ameritrade Holding Corporation
For 30 years, Ameritrade Holding Corporation has provided investment services to self-directed individuals through its brokerage subsidiaries. Ameritrade develops and provides innovative products and services tailored to meet the varying investing and portfolio management needs of individual investors and institutional distribution partners. A brokerage industry leader, Ameritrade, Inc.,(2) a subsidiary of Ameritrade Holding Corporation, recently received a four-star rating in the 2005 Barron's Review of Online Brokers for its Apex active trader program. For more information, please visit www.amtd.com.
Cautionary Note Regarding Forward Looking Statements
This document contains forward-looking statements that involve risks and uncertainties. In particular, any statements regarding the expected closing date of the proposed TD Waterhouse transaction, the payment of the special dividend and the expected benefits of the proposed transaction to shareholders and clients and other statements that are not historical facts, as well as the assumptions on which such expectations are based, are forward-looking statements. These statements reflect only our current expectations and are not guarantees of future performance or results. These statements involve risks, uncertainties and assumptions, including risks and uncertainties described in our latest Annual Report on Form 10-K, that could cause actual results or performance to differ materially from those contained in the forward-looking statements. The payment of the special dividend is contingent on the closing of the acquisition of TD Waterhouse, which is still subject to regulatory approval. These forward-looking statements speak only as of the date on which the statements were made. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
(1) As previously reported, the Company expects the payable date for the special dividend to be on the closing date of the acquisition and the ex-dividend date (the date on and after which the stock trades without the right to receive the dividend) to be the first trading day following the payable date.
(2) Ameritrade, Inc., member NASD/SIPC.
--------------------------------------------------------------------------------
Contact:
Ameritrade Holding Corporation, Omaha
At the Company:
Katrina Becker, 402-597-8485
email: kbecker@ameritrade.com
or
For Investors:
Tim Nowell, 402-597-8440
email: tnowell@ameritrade.com
--------------------------------------------------------------------------------
Source: Ameritrade Holding Corporation
NASD: 2005 in Review
Tuesday December 27, 12:23 pm ET
WASHINGTON, Dec. 27 /PRNewswire/ -- This last year saw NASD intensify its regulatory focus on sales of mutual funds, variable annuities and 529 College Savings Plans by bringing significant enforcement actions, advocating enhanced point-of-sale transparency and creating tools for investors aimed at better understanding these products. In total for 2005, NASD set records for the number of new enforcement actions brought and the amount of fines collected.
NASD dramatically increased transparency in the corporate debt market with full implementation of NASD's TRACE (Trade Reporting and Compliance Engine). In February of this year, TRACE began disseminating publicly, in real-time, price data for 99 percent of corporate bond trades, and in September NASD submitted a rule proposal to the Securities and Exchange Commission (SEC) to allow real-time public dissemination of the remaining one percent of trades. On average, information is available daily on TRACE on 22,000 transactions representing approximately $18 billion in par value.
As part of its ongoing efforts to demystify the corporate, municipal and government bond markets for retail investors, NASD introduced a comprehensive, on-line learning center called Smart Bond Investing. NASD also introduced two major tools for mutual fund investing -- a new and improved Mutual Fund Expense Analyzer that delivers fee and expense information to investors for virtually all of the more than 18,000 mutual funds and 160 Exchange Traded Funds (ETFs). Among other things, the analyzer will compare the expenses of up to three ETFs, mutual funds or share classes of the same mutual fund simultaneously. The new analyzers automatically populate fee and expense data, saving investors from the task of searching through the prospectus and sales materials and manually inputting the information. NASD's new Mutual Fund Breakpoint Search Tool offers users a groundbreaking way to research eligibility for breakpoint discounts. Investors and brokers can look up breakpoint schedules and linkage rules for mutual funds with front-end sales charges, most commonly A shares.
NASD continued to bolster its investor education initiatives by issuing a variety of Investor Alerts on topics ranging from identifying bogus stock tips on cell phones to protecting online brokerage accounts from identity thieves. The NASD Investor Education Foundation completed three grant cycles and awarded more than $3.7 million to organizations for educational programs and research projects targeting the underserved segments of the population.
NASD Dispute Resolution saw close to 6,000 new arbitration claims and 1,250 mediation claims filed in 2005. And, 9,150 arbitration cases and 1,700 mediation cases were closed during the year. NASD completed its arbitration and mediation hearing location expansion project in 2005 -- and now has 68 hearing locations, at least one in each state, Puerto Rico and London. Also in 2005, NASD filed a rule proposal with the SEC to further tighten the definition of who may serve as a public arbitrator in its Dispute Resolution forum, and is close to finalizing its new Code of Arbitration Procedure, a plain-English document that will enhance investor accessibility to the forum.
NASD pushed for improvements in point-of-sale disclosure to mutual fund investors by proposing Internet disclosure of a new "Profile Plus" -- a two- page document providing basic information about a mutual fund, including its investment objectives, risks, performance, fees and expenses and information about potential conflicts of interest. NASD also recommended that every broker-dealer be required to post a Profile Plus for each mutual fund it sells on its website, with hyperlinks to the fund's prospectus. Profile Plus is the chief recommendation of NASD's Mutual Fund Task Force in its second and final report to the SEC, Mutual Fund Distribution.
Also in 2005, NASD submitted a number of rule proposals to the SEC -- including one that would ban cash sales contests that reward brokers for selling one particular security or type of security over another, and another that would impose more formal procedures for issuing fairness opinions and require broker-dealers to disclose potential conflicts of interest in the fairness opinions they write. NASD has also been working with the Municipal Securities Rulemaking Board (MSRB) to harmonize the rules for sales of 529 Plans (which are municipal securities) and mutual funds.
Mutual Fund Sales and Trading Practices
NASD intensified its focus on mutual fund sales and trading issues, bringing more than 120 disciplinary actions involving deceptive market timing, late trading, unsuitable sales of Class B and Class C mutual fund shares and impermissible revenue sharing. This year's actions bring to more than 400 the number of cases NASD has taken in the mutual fund area since 2000.
NASD fined six major firms -- Citigroup Global Markets, American Express Financial Advisors (now known as Ameriprise Financial Services), Chase Investment Services, Merrill Lynch, Wells Fargo and Linsco/Private Ledger -- a total of more than $40 million for unsuitable B share and C share sales. NASD ordered the firms to offer customer remediation on more than 400,000 mutual fund transactions made by more than 79,000 households, at a cost potentially greater than the amount of the fines.
In the area of directed brokerage and impermissible revenue sharing, NASD settled 27 cases against retail firms for providing preferential treatment to select mutual funds in exchange for brokerage business, in violation of NASD's Anti-Reciprocal Rule. In the largest settled case, Ameriprise Financial Services was fined $12.3 million. In total, the 26 firms paid nearly $55 million in fines.
NASD brought 11 cases against firms for facilitating deceptive market timing in mutual funds or variable annuity sub-accounts, and for failing to have procedures in place to prevent late trading of mutual funds. Two of the largest cases involved a $1.5 million fine against ING Fund Distributors and a $1.2 million fine against Janney Montgomery Scott. ING Fund distributors was ordered to pay $1.4 million in restitution to the affected mutual funds, while Janney Montgomery Scott paid nearly $1 million in restitution.
Variable Annuities
NASD's continued focus on the sale of variable annuities and variable life products resulted in the filing of 88 cases in 2005. NASD settled a major enforcement action against Waddell & Reed, in which the firm agreed to pay a $5 million fine and $11 million in restitution to injured customers for engaging in a campaign to exchange the variable annuity contracts of thousands of customers without regard to the suitability of those switches.
Corporate Bonds and Trade Reporting
NASD continued its vigorous enforcement of rules prohibiting excessive markups and markdowns in bond transactions. S.G. Americas, RBC Capital Markets and RBC Dain Rauscher paid a total of $6.75 million in fines for excessive markups, inadequate supervision and faulty books and records. A fourth firm, Debt Traders, was expelled from the securities industry for similar violations. The four firms were also ordered to pay a total of $1.12 million in restitution to customers.
A number of 2005's cases concerned the failure of firms to promptly and accurately report corporate bond transactions to NASD and/or municipal bond transactions to the Municipal Securities Rulemaking Board (MSRB). NASD settled charges against 20 firms for late and/or inaccurate reporting of tens of thousand of municipal securities transactions to the MSRB, imposing fines totaling $1.65 million. Municipal and corporate bond trade reporting failures led to a record-breaking settlement with State Street Global Markets, which paid a $1.4 million fine. Edward D. Jones was fined $300,000 for failing to disclose municipal bond yields on more than 86,000 municipal customer sales confirmations. And NASD charged Oppenheimer & Co. (formerly known as Fahnestock & Co.) with failing to report municipal bond transactions, reporting others that were never effected and reporting thousands of other trades late and inaccurately -- and with attempting to thwart NASD's investigation of that misconduct.
PIPES
Abuses in PIPE transactions were a new area of focus for NASD investigators in 2005. A PIPE (Private Investment in a Public Equity) is a private offering in which accredited investors agree to purchase restricted, unregistered securities of public companies. Hilary L. Shane, a hedge fund manager formerly registered with First New York Securities, was permanently barred and paid more than $1.45 million to settle NASD and SEC charges of fraud and insider trading arising from her purchase and sale of shares in a PIPE transaction. John F. Mangan, Jr., a former broker and hedge fund manager formerly registered with Friedman Billings Ramsey & Co., was permanently barred and paid a $125,000 fine to settle NASD charges that he deceptively obtained shares in the same PIPE offering, improperly sold the sales short and secretly shared in the profits from the those sales. Additional investigations are continuing.
Equity Trading
NASD filed a complaint against Kenneth Pasternak, former CEO of Knight Securities and John Leighton, former head of the firm's Institutional Sales Desk, charging them with supervisory violations in connection with fraudulent sales to institutional customers in 1999 and 2000. Knight's former lead institutional sales trader, Joseph Leighton, agreed to a permanent bar and paid $4 million to settle NASD and SEC charges related to those fraudulent trades. In late 2004, NASD and the SEC sanctioned Knight Securities $79 million in connection with the same misconduct.
Instinet and INET ATS paid a $1.475 million fine to settle NASD charges of publishing inaccurate reports on order execution quality, backing away from posted quotes, failure to report orders, improper "last sale" or trade reporting and supervision violations. INET's and Instinet's flawed reports compromised the ability of investors and other market participants to accurately assess execution quality and compare venues for execution.
Fee-Based Accounts
While fee-based brokerage accounts have become increasingly popular over the past several years, NASD brought two cases in which firms failed to institute appropriate supervisory procedures for fee-based business, to the detriment of their customers. NASD fined Morgan Stanley DW, Inc. $1.5 million and ordered the firm to pay more than $4.6 million in restitution to 3,500 customers for failing to adequately supervise its fee-based brokerage business. In addition, NASD censured and fined Raymond James & Associates and Raymond James Financial Services $750,000 for violations relating to the firms' fee-based brokerage business and ordered to pay restitution totaling $138,000. The firms also violated NASD rules by recommending and opening fee- based brokerage accounts for customers without first determining whether these accounts were appropriate and by allowing fee-based accounts to remain open without determining whether they continued to be appropriate for customers.
Research Analyst Rules
Enforcement of NASD's research analyst rules remained a high priority in 2005. Over the last 18 months, NASD has brought more than 30 cases in this area. Among 2005's notable cases were: a six-month suspension and $130,000 fine against Jesup & Lamont Securities Corporation research analyst Gary Davis for trading contrary to the recommendations in his research reports and other violations; formal charges against the firm and its chief compliance officer, Robert Strong, for failing to detect and prevent the illegal trading activity by Davis and for other violations relating to research reports published by the firm; a $75,000 fine against Fulcrum Global Partners research analyst Walter Piecyk for circulating a false rumor about RF Micro Devices, Inc. while selling short 3,000 shares of that company and earning a profit of $7,815; and, a $100,000 fine against SunTrust Capital Markets and a $150,000 fine against Green Street Advisors for failing to qualify and register their research analysts under new NASD rules.
529 College Savings Plans
Another area of focus in 2005 was sales of 529 College Savings Plans. In the first action of its kind, NASD fined Ameriprise Financial Services (formerly American Express Financial Advisors) $500,000, and ordered it to pay approximately $750,000 to compensate more than 500 disadvantaged customer accounts -- for failing to adequately supervise the firm's sales of 529 Plans. As a result of those failures, Ameriprise had no procedures in place to ensure that sales recommendations took into account available state tax benefits for in-state 529 Plans. NASD's investigations into 529 Plan sales are continuing.
NASD is the leading private-sector provider of financial regulatory services, dedicated to investor protection and market integrity through effective and efficient regulation and complementary compliance and technology-based services. NASD touches virtually every aspect of the securities business -- from registering and educating all industry participants, to examining securities firms, enforcing both NASD rules and the federal securities laws, and administering the largest dispute resolution forum for investors and registered firms. For more information, please visit our Web Site at http://www.nasd.com.
2005 Year End Statistics*
2005 2004 2003 2002
New Disciplinary Actions Filed 1,412 1,396 1,410 1,271
Formal Actions Resolved 1,296 1,336 1,324 1,129
Firms Expelled From Membership 14 22 30 25
Individuals Barred From The
Industry 381 454 494 440
Firms Suspended From Membership 3 4 7 5
Individuals Suspended 356 379 333 374
Disciplinary Fines Collected
(millions) $125.4 $103.9 $33.3 $68.2
Firms 5,144 5,222 5,272 5,392
Branches 106,449 97,250 92,861 91,473
Registered Representatives 662,938 667,751 653,887 662,311
Customer Complaints Received 4,800 4,687 4,843 4,495
Customer Complaints Resolved 4,500 4,730 5,686 4,611
Firm Examinations Initiated 2,284 2,351 2,645 2,662
Firm Examinations Completed 1,925 2,174 2,787 2,480
Terminations For Cause Initiated 8,600 12,081 6,510 4,438
Terminations For Cause Resolved 8,500 12,421 7,359 4,448
Examinations For Cause Initiated 6,600 10,658 3,384 2,100
Examinations For Cause Resolved 6,500 10,258 3,453 1,950
Advertisements and Sales
Communications Reviewed 88,000 88,301 85,735 87,855
Arbitration Claims Filed 6,000 8,201 8,945 7,704
Arbitration Cases Closed 9,150 9,209 7,278 5,957
Mediation Claims Filed 1,250 1,217 1,200 936
Mediation Cases Closed 1,700 2,063 1,889 1,360
BrokerCheck Searches and
Reports 4,086,451 3,815,961 2,956,974 2,329,307
* The data provided is preliminary. Final numbers may vary slightly.
--------------------------------------------------------------------------------
Source: NASD
California Department of Corporations Brings Enforcement Action against Commodities Firm Operating Illegally in Southern California
Thursday December 15, 6:27 pm ET
Majority of 44 Investors from Los Angeles, Orange County and San Diego; Allegedly Defrauded of at Least $4.4 Million Involving Foreign Currency Investments
SACRAMENTO, Calif.--(BUSINESS WIRE)--Dec. 15, 2005-- The California Department of Corporations (Corporations) announced that it has issued a desist-and-refrain order against Universal Money Traders, Inc. (Universal), of Solana Beach to halt the illegal solicitation of customers to trade commodity contracts or foreign currency. As many as 44 Universal customers from Los Angeles, Orange County and San Diego had losses of at least $4.4 million. The order also named Mark Todd Hauze, Thomas V. Moore, Thomas Mooreland, and Shalice Ann Emerson.
The Corporations order alleges that, from 2003 through spring 2005, Hauze, Moore, Mooreland, and Emerson solicited the general public to trade commodity contracts or foreign currency through Universal's Web site and direct telephone marketing calls.
According to the order, Hauze, Moore, Mooreland, and Emerson never revealed to customers that the four of them were not registered with the Commodity Futures Trading Commission (CFTC) to trade commodity contracts or foreign currency. In 2002, Hauze's CFTC registration was suspended, he was barred from membership in the National Futures Association for three years, ordered to pay a $15,000 fine and $54,000 in restitution to four investors whose accounts he allegedly churned, trading accounts for the purpose of generating commissions without regard for customers' interest. In 1996 and 2001, the NASD ordered Moore to pay compensatory damages in two different instances for breach of fiduciary duty and misrepresentation.
"Before investors open an account, they should always check on a company's or individual's status," said acting Corporations Commissioner Wayne Strumpfer, whose department has regulatory jurisdiction over the California Commodities Law. "Trading commodities futures and options is not for everyone as it can be a volatile, complex and risky business."
Corporations counsel Ursula Clemons is responsible for this case.
The Department of Corporations is California's investment and financing authority and is responsible for the regulation, enforcement, and licensing of securities, franchises, off-exchange commodities, investment and financial services, independent escrows, consumer and commercial finance lending, residential mortgage lending, and payday lenders. Contact our toll-free consumer resource center at 866-ASK-CORP (275-2677) for information or to obtain a consumer complaint form. Please visit Corporations' Web site at www.corp.ca.gov.
--------------------------------------------------------------------------------
Contact:
California Department of Corporations
Susie Wong, 916-324-9011
--------------------------------------------------------------------------------
Source: California Department of Corporations
Ameritrade Obtains Commitment for Financing Related to TD Waterhouse Acquisition
Thursday December 15, 6:52 pm ET
Financing Structure to Consist of $1.9 Billion in Funded Debt Strong Ratings
OMAHA, Neb.--(BUSINESS WIRE)--Dec. 15, 2005--Ameritrade Holding Corporation (Nasdaq:AMTD - News) today announced that it has obtained a commitment for financing from its underwriting group led by Citigroup Corporate and Investment Banking and including Merrill Lynch, UBS and JPMorgan.
Receipt of the funds from the underwriting group, together with funds to be received from TD Waterhouse, will be used to pay the $6 special dividend and will also provide approximately $300 million for general corporate needs. The commitment provides the Company with the flexibility of prepaying borrowings without penalty.
The structure of the debt is anticipated to be as follows:
Amount Type Maturity
$1.65B Term B Bank Debt 7 Years
$0.25B Term A Bank Debt 6 Years
$0.30B Revolving Line of Credit 5 Years
The Company has also received the following ratings:
-- Moody's: Ba1
-- Standard & Poor's: BB
-- Fitch: Expects BB
"The commitment and ratings we have received are strong indicators of the strategic benefits of the TD Waterhouse transaction and the financial strengths of the combined company," said Mike Chochon, treasurer of Ameritrade.
The Company expects the financing to occur prior to the expected Jan. 24 TD Waterhouse closing.
About Ameritrade Holding Corporation
For 30 years, Ameritrade Holding Corporation has provided investment services to self-directed individuals through its brokerage subsidiaries. Ameritrade develops and provides innovative products and services tailored to meet the varying investing and portfolio management needs of individual investors and institutional distribution partners. A brokerage industry leader, Ameritrade, Inc.,(1) a subsidiary of Ameritrade Holding Corporation, recently received a four-star rating in the 2005 Barron's Review of Online Brokers for its Apex active trader program. For more information, please visit www.amtd.com.
Cautionary Note Regarding Forward Looking Statements and Ratings
This document contains forward-looking statements that involve risks and uncertainties. In particular, any statements regarding the completion of the proposed TD Waterhouse transaction, the proposed special dividend, the expected date of the financing, the expected date for closing of the proposed transaction, the expected benefits of the proposed transaction to shareholders, the expected effect of the proposed transaction regarding the competitive position of Ameritrade and the plans for the combined company following the closing of the transaction, as well as the assumptions on which such expectations are based, are forward-looking statements. These statements reflect only our current expectations and are not guarantees of future performance or results. These statements involve risks, uncertainties and assumptions that could cause actual results or performance to differ materially from those contained in the forward-looking statements. These risks, uncertainties and assumptions include general economic and political conditions, interest rates, market fluctuations and changes in client trading activity, increased competition, systems failures and capacity constraints, conditions to closing of the debt financing and TD Waterhouse transaction, regulatory and legal matters and uncertainties and other risk factors described in our latest Annual Report on Form 10-K and our latest Quarterly Report on Form 10-Q, as amended. These forward-looking statements speak only as of the date on which the statements were made. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Investors are encouraged to read the full ratings reports from Moody's, Standard & Poor's and Fitch.
Additional Information and Where to Find It
In connection with the proposed transaction, Ameritrade filed a definitive proxy statement concerning the transaction with the Securities and Exchange Commission ("SEC") with a filing date of December 5, 2005. SECURITY HOLDERS OF AMERITRADE ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders can obtain free copies of the definitive proxy statement and other documents when they become available by contacting Investor Relations at www.amtd.com, or by mail at Ameritrade Investor Relations, 4211 S. 102 Street, Omaha, NE 68127, or by Telephone: 800-237-8692. In addition, documents filed with the SEC by Ameritrade are available free of charge at the SEC's web site at www.sec.gov.
(1) Ameritrade, Inc., member NASD/SIPC.
--------------------------------------------------------------------------------
Contact:
Ameritrade Holding Corporation, Omaha
Katrina Becker, 402-597-8485
kbecker@ameritrade.com
or
Tim Nowell, 402-597-8440
tnowell@ameritrade.com
--------------------------------------------------------------------------------
Source: Ameritrade Holding Corporation
LOL! Could it have anything to do with the fact that without you, they can no longer play in the coed league?
Yes......lol wtg slugger
In related news, The OC Securities Softball team is 0-9 since Matt and Joey left.
Yes, its Capt's...
ndB'day
Was Capt REALLY born...
... da year this t.v. was made?
WAIT!
What type of years is being measured here?
Dog Years, or Dog Ears,
or or WHAT happen to the bunny's left ear?
:o)
Tommorow is Capt_nemo BD????? Big 50!!!!!! LOLooooooo it's 49
whats there fee Rage? just nosey
MidasTrade.com Inc.: Daishin Securities Goes Live
Wednesday September 21, 8:45 am ET
BUENA PARK, Calif.--(BUSINESS WIRE)--Sept. 21, 2005--Midas Securities, LLC. (member NASD and SIPC), a wholly owned subsidiary of MidasTrade.com Inc. (PINK SHEETS: MIDS - News) announces that Daishin Securities and Midas Securities have completed integration and testing of the system for trading U.S. securities through the MidasTrade Global Direct Access Network (GDAN) and Daishin is now able to offer to their clients access to the U.S. securities markets through the fully integrated MidasTrade GDAN.
Daishin Securities is the second of the top five Korean brokerage firms to offer their clients direct access to the U.S. securities markets through online trading. The company has launched MidasTrade's latest version of its platform for the Korean market. This updated version of MidasTrade GDAN includes fully translated screen tabs, comprehensive charts, drop down menus and directories, and will help Daishin's customers to use the system with greater ease and confidence. In addition, MidasTrade has provided Daishin with an automated system for processing new customer accounts. Daishin can open and establish customer accounts on their system, which automatically updates MidasTrade's system, saving time and duplicate paperwork for new client accounts.
MidasTrade GDAN offers Korean investors direct access to trade U.S. securities in real time. Daishin customers can now access U.S. securities quotes and data in real-time from their computer and U.S. securities transactions are directly executed through their online trading account. Daishin is offering trading securities of NYSE, AMEX and NASDAQ from 9:30 AM to 4:00 PM (EST).
About Daishin Securities
Daishin Securities has been at the forefront of the online trading industry in Korea since its inception in 1962. On the strength of sound financial structure and high profitability, Daishin is today emerging as the first name in the Korean financial industry. Daishin is Korea's biggest brokerage in terms of overall share transactions. For the year ended March 2005, Daishin had operating revenues amounting to 346 billion Won. In the year ahead, Daishin will continue to diversify operations for continued growth and improved profitability. The company has 115 branches throughout Korea and more than 1,874 employees.
About MidasTrade.com Inc.
MidasTrade is a U.S. based company committed to the deployment of the Midas Global Direct Access Network (GDAN) that allows investors to trade securities, options and futures in real time via their online trading account through the Midas network of participating exchanges, all over the world. The Midas GDAN is designed to provide investors with immediate execution and confirmation of their securities trade with minimal surcharges and commissions. The company successfully launched Midas GDAN in South Korea and the U.S. in March 2002 and is expanding to Canada, Hong Kong and Europe. Additional information is available at www.midastrade.com.
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
--------------------------------------------------------------------------------
Contact:
MidasTrade.com Inc.
Heidi Hirst, 866-430-5486
heidi@midastrade.com
www.midastrade.com
--------------------------------------------------------------------------------
Source: MidasTrade.com Inc.
Sorry, but I just prefer the names of penny stocks AFTER they are hyped.
Why short before the pump, eh?
Ugh, I just had breakfast. :-}~
Fred, do you remember when Matt & Ken were still friends?
Click here: Are your tires balder than William Shatner fleeing his house during a 3 AM earthquake?
mick, A pro gold is an anti IH+SI+OCS situation...
... not for your case to buy low & sell high gold shares,
but for me being a gold-bug and #1 GATA Nut :o)
Its o.k. for me to see the demise of IH & SI since a person I know
will buy them, and Raging Bull, for a price to make Matt, Bob & Dave weep,
but the membership will praise Milky as a savior, except for a few
that will be automatically forever booted.
The new "all folder into" will be called IMM (Investor Mother's Milk)
and be totally void of ads 100% for all, even FREE members,
and simply put into place a revenue stream that allocates features
based on an à la carte set.
All Lifers and Grandfathers will remain as such and receive forever
at no cost every new & improved feature available to IMM.
All of gotmilk's suggestion posts will be deemed "Innocent" and "freed" into use
unless they are proven "guilty" beyond any doubt.
But then gold bugs have been on a Gloom & Doom & No-Hope for thousands
and zillions of years :o)
Now I can give that advice to Matt in a form of "Count your lucky stars."
As in, with a gold bug's view, OCS is doomed in the next few years.
a.k.a. no bubble like last one, but a real Crash & Burn a la 1929.
(or) from a prior post buy me
... suggest these two because of a possibe major external hic-up.
Since I'm unqualified to be taken seriously on this I'll pick-on
the most serious SiHub person, the good doctor Zeev Hed and
explain my views of laws being violated :o)
the life blood of turnips is water
the life blood of Zeev's turnips is cheap money
The success of OCS requires the synergy of market ruckus and cheap money.
enough, I won't mention that four letter word
D:oug
gotmilk , i gave you one of my golden nails. nice article.
hi gotmilk , this really important for us. i'm following precious metals for a good three weeks.
i started an early watch on them. you probably see my once a day pps for them.
these comments are so good would you be so kind to this metal review at bbcmf FOR ME?
ewwwwwwwwwwwwwwwwwwww diet donut flavored???? haaaaaaaaaaaaaaaaa
Indy, That actually looks pretty good. eom
Cappy! If you're into diet-soda, try Matt's favorite:
Click here: Have your investments melted like a Nazi staring at the Arc of the Covenant?
Tnx, Doug .... I will wait for ya ..... !!
i just downloaded it and will install it later today and report back
if it contains any hacker nasty stuff
doug
Have you tried this, Doug ... ?? . CoolTick Stock Ticker 8.5
re: "[precious] metals should be good for a peek"
rumor
[start]
Have a potential bombshell for you.
Spoke to... this afternoon.
The talk in London in the bullion dealer world...
... the new king in Saudi Arabia is going to change
the "management of his country's financial affairs, "
and will take them in a new direction. One of the plans
is to make Saudi Arabia "a new international banking center."
To a man they thought this budding development would be very bullish
for precious metals.
The ramifications of this potential Saudi development are enormous,
not only for the gold/silver markets, but...
[stop]
(extra) #msg-7416354
CoolTick Stock Ticker 8.5
http://www.paintedbus.com/
Free to try (Limitations: 2-symbol trial)
$19.95 to buy
Download 192K
Windows 95/98/Me/NT/2000/XP
... with customizable options including your own list
of as many stocks as you want to watch.
... show portfolio change along-side daily change
... Alerts
Doug
Diet rootbeer here LOL I tell ya these POS are gonna drive me to drinking again, HAAAA NOT Not a chance!!!
i guess we can say that with a good shooter. a drink or two doesn't hurt to smooth it.
They dont always go up, thats for sure
that doesnt fit too well. hmmm. you did say not much there.
oh god. that's not to be that way.
i think possibly we are getting into hold for doing most companies.
metals should be good for a peek.
vgz has good fundamentals.
haaaaaa yup,,,,,,,, down and gone
haaaaa Dont want to talk about lastnight scan, there was one, and that pos down 13% for the day haaaaaaaaaaa
555's are my lucky number.
oh , i gotcha now. i'm just getting back from a swim.
i try hard to do it right. networking does work.
what is your latest scan?
I guess one dont need to worry about a reco to post there haaaaaaaaa
The Original dpb5! , i gave you one of my golden nails.
thought it was there. it is now.
hi The Original dpb5! , thank you for the info.
I went and looked at your pics hahahhahhahahahahahhaaaaaa!!!!!!!!! those are great! ehheheehhehe
I'm just bustin' your chops, although the topless quote service did sound appealing.
Sic gorgiamus allos subjectatos nunc.
"We gladly feast on those who would subdue us."
Was there something to miss?
It hardly started.
You sound as if you miss the valuable service they provided to the investing community.
Click here: Think about how many Kathy Lee Gifford jogging-suits your broker could sew in prison.
WTF is dat about???
Hi Mick,
The OC Message Boards are no longer functional.
capt , thank you.
LOL Im not even registered there, Dont know what I can help ya with!!!
you are right. matt , what goes for registering there to messages?
really? SUE THE BASTARDS!!!
this is what it said.
The following errors occurred during your registration:
The username you entered as your referrer could not be located.
yes, that's it...
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |