Allegations: ON DECEMBER 14,2004, MR. PRYOR RECEIVED A LETTER FROM [CUSTOMER] ALLEGING UNAUTHORIZED TRANSACTIONS. A PURCHASE OF 250,000 SHARES AND SUBSEQUENT SALES WERE MADE WITHOUT HIS CONSENT OR KNOWLEDGE. [CUSTOMER] ALSO ALLEGES THAT MR. PRYOR'S RECOMMENDATION OF THE PURCHASE OF U.S. CANADIAN MINERALS, INC. WAS MADE BASED UPON FALSE AND MISLEADING INFORMATION. THE CUSTOMER WANTS THE FIRM TO RE-INSTATE HIS POSITION OF 300,600 SHARES AND REFUND TO HIM $1,500,000. MR PRYOR DENIES ANY OF THE ALLEGATIONS AND WILL VIGOROUSLY DEFEND HIMSELF AGAINST THESE ACCUSATIONS. THE SALES WERE MADE WHEN THE 3,264,000.00 MILLION DOLLAR CHECK WAS NOT HONORED AT HIS BANK.