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Art2Gecko

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Art2Gecko

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Re: IRISHBULL post# 35788

Friday, 04/13/2007 12:07:39 AM

Friday, April 13, 2007 12:07:39 AM

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the brokers and the TA both have to follow the "know your customer" rules of the NASD, and also section 326 of the Patriot act (anti-money laundering section)

PARTICULARLY when issuing new shares into the marketplace. the TA was completely negligent, or completely incompetent, or apparently both. the Brokers who sold the paper are on the hook. This is why the DTC notice.

Will be an interesting one to see play out.


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