Shearson Financial Network (fka SHSNQ)

[theschwartz]

Just talked to the SEC

The SEC gentleman confirmed my previous conversation in that the MM's are obligated to show the best Bid/Ask even though this is a Bulletin Board stock. I gave him examples of the type of things that were occurring to myself and others, and he said a file would be opened and they will look into the SFNN situation. An investigation will probably be opened.

It would probably be helpful for others to call as well, and the telephone number is [phone].

I am with Scottrade and they have been executing through Nite. Am thinking of calling Nite to let them know that the SEC has been contacted concerning this stock, and that they will be watching it more closely.