As I have stated in a previous missive, Arthur Levitt should not be nominated as Chairman of the Securities and Exchange Commission. Arthur Levitt was totally incompetent as Chairman of the American Stock Exchange. It was during the tenure of Arthur Levitt that the Mafia exerted its influence on the floor of the American Stock Exchange. Al Avasso, a convicted felon, was a member of the AMEX under the tenure of Arthur Levitt.
Avasso set up a trading account using his wife's name to back individual traders. Avasso, himself, traded this account. Peter Orloff would execute orders for Avasso and place them in this account.
A list of the brokers who maintained financial ties to Al Avasso, a Mafia associate, during the tenure of Arthur Levitt: XXXXXXXXXXXXXXXXX Peter Berkman Sam Gottfried Robert VanCaneghan
The list expanded during the tenure of James Jones: Louis Miceli Harry Pierson George Wellington
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