CMKM Diamonds Inc. (fka CMKX)

[4profit1]

Bobby worked for mobster Milt Parness in Florida. Who at one time hung Barnett off the 7th floor balcony Jockey Club as they thought he was skimming. Turino who was the real culprit stood there watching and saying nothing, after delivering Barnett to them. Barnett posted to surfit about getting a baloney toss, sort of funny that it happened to Barnett after posting stuff like that to others on RB.

Short second page J for John Edwards says Volume Up and he has shareholders with restricted shares and he will get them the numbers.

Hudson mentioned. Wien Securities became Hudson and Rumanyetsev of NevWest spoke about them to SEC

MC ID WIEN
Firm Name WIEN SECURITIES CORP.
Hyperlink www.tagaudit.com/rule5.asp?user=wien
Comments WIEN changed its MPID to HDSN, effective 9-27-04.

WIEN - WIEN SECURITIES CORP.


MC ID WIEN
Firm Name WIEN SECURITIES CORP.
Hyperlink www.tagaudit.com/rule5.asp?user=wien
Comments WIEN changed its MPID to HDSN, effective 9-27-04.


Wien Securities Enforced by FINRA for Wash Trades.


This case begins in 1995, 2 years before Turino's known activities in Pinnacle and claims naked shorting.


I don't expect anyone to read this whole thing.

Shareholders should look at page 6, where 28 wash trades are executed in 1 day.

Pages 8 and 9, for Wien Securities executing 43 wash trades in 1 day.


Evidence wash trades of how they do it on a smaller scale. (brief examples, not long)

www.finra.org/sites/default/files/NACDecision/p007126.pdf


FINRA enforced Wien/Hudson 26 times.


"The complaint named two other respondents in addition to Perles and Geller: VTR and Edward McCune ("McCune"), VTR's President. The complaint alleged that VTR and McCune violated a series of NASD and Securities and Exchange Commission ("SEC") rules by: (1) participating in the unregistered distribution of 300,000 shares of Class A common stock issued by Interiors, Inc. ("Interiors"); (2) purchasing the Interiors stock during the distribution; (3) failing to comply with corporate financing requirements; (4) artificially increasing the price of Interiors stock; (5) engaging in "wash" and "matched" trades of Interiors stock;2 and (6) violating VTR's restriction agreement, which prohibited it from retail trading as a principal.

In summary, Enforcement alleged that VTR had engaged in a "pump and dump" scheme using Interiors stock. VTR first obtained control over a large block of Interiors stock at a price that was slightly below market. VTR then created trading activity in Interiors stock by engaging in prearranged, matched trades with two other broker-dealers over three days. While VTR was creating the appearance of active trading, it methodically raised the price of Interiors stock to more than double VTR's acquisition cost. Once VTR had increased the price of Interiors stock, it gradually sold the stock it controlled to its customers, reaping excessive profits for VTR of approximately $400,000.

Perles was a trader at I.A. Rabinowitz and Geller was a trader at Wien Securities. Enforcement alleged that Perles engaged in prearranged, matched trades with VTR on the first day of VTR's manipulation of Interiors stock and Geller engaged in prearranged, matched trades with VTR on the second and third day of VTR's manipulation. Prior to the hearing involving Perles and Geller, VTR and McCune settled."3

Why brokers wash trade?

"Geller's compensation at Wien Securities was based on the profit he made for the firm. He received one-third of the profit less ticket, correspondence, and SelectNet charges"


2 No. If we're narrowing this down to the time when
3 we had to run EX clearing trades, the majority went though
4 Jeffries and Empire Financial and a very small amount though
5 what's now Hudson Securities. At the time they might have
6 been Ween. (Phonetic spelling)
7 How was the decision made of what shares went
8 through Jeffries, what shares went though Empire, and what
9 shares went though Hudson?
l That was mostly based on, number one, willingness
11 of a company to, you know, accept a trade of a large size EX
12 clearing. And with Mr. Edwards' transactions, we would
13 typically have a very large position that typically could not
14 get filled in a single day, so we would communicate to
15 Jeffries and Empire on the same day that we would have stock
16 for sale in such and such a quantity, and this would be our
17 limit price. And depending on how much each of the houses
18 would be able to fill us, that would be the allocation. And
19 very little went to Hudson because Hudson never felt
20 comfortable with large size and they eventually couldn't do
21 trades EX clearing. So essentially the allocation of sales
22 was demand driven; if Jeffries could fill say, 20 million, a
23 hundred million on a given day, if that met our limit price
24 parameters, we would fill that order.

It was always funny how shareholders never understood the Jeffries letter and that the EX clearing customers were Edwards and Turino. To EX clear trade, the houses had to put up large deposits ahead of it, to ensure the stock and money would be delivered That knocked out naked shorting from happening. Shareholders never got that part of it. lol

A lot of houses, like Hudson could not afford the mandatory large deposits up front of the trade and dropped out