SRSR Interests: Seriously damaged by Dan's legal woes
Below is the SRSR Press Release where Dan makes the following statement about how illegally purchasing SRSR with pension funds (the DOL has a judgement against Mr. Byrnes for $310,000) and for his sister, Kathleen Fiero (she has obtained a $254K against Mr. Byrnes for the same thing) and getting convicted for both by courts has nothing to do with SRSR itself:
..."with respect to the civil matter involving Company President Dan Byrnes, regarding an investment of funds into Sarissa stock under Mr. Byrnes discretion as a Trustee...a judgement was entered against Mr. Byrnes in this matter. This matter was a personal issue for Mr. Byrnes and does not relate to any Company business or his role as an officer and director."
FINRA has a totally different take on Byrnes NY DOL $310k repayment and his 'directorship' of SRSR.
FINRA 6490 10 B #4 is in play because Mr. Byrnes was convicted by Erisa-an agency recognised by Finra- lost his trusteeship which means as he is no longer 'a prudential fiduciary' which disqualifies Mr. Byrnes as long as he is a director of SRSR, for Finra to approve a major deal involving Mr. Byrnes as a director.
So Potts or any other major deal is DEAD ON ARRIVAL as long as Mr. Byrne's is a director.
No wonder Mr. Byrnes does not publicly disclose a major deal, Pott's deal (?) on Nemegosenda as FINRA would immediately repudiate the deal. See above.
For Mr. Byrnes to state that his conviction on illegally purchasing SRSR as a fiduciary officer has nothing to do with SRSR where he currently is a fiducial officer as well?
That's "Twilight Zone Stuff" that is.
Mr. Byrnes NY DOL conviction action has impaired SRSR, there is absolutely no credible counter argument.
In my opinion.
