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Re: janice shell post# 47834

Thursday, 07/08/2004 3:37:24 PM

Thursday, July 08, 2004 3:37:24 PM

Post# of 358440
JS, care to read the NASD pr again? (Since we know that you only want to appear accurate):

http://www.nasdr.com/news/pr2004/release_04_046.html

NASD BARS SCOTT W. RYAN, EXPELS RYAN & COMPANY FOR FAILURE TO COOPERATE IN SHORT SALE PROBE

NASD Investigation into Short Selling Activity for Hedge Funds Continues

Washington, D.C.—An NASD Hearing Panel has barred Scott W. Ryan of Bryn Mawr, PA, and has expelled Ryan & Company, LP (RYCO) of West Conshohoken, PA, for failure to cooperate in an ongoing investigation into whether Ryan and the firm engaged in a widespread scheme of impermissible short selling activity on behalf of three hedge fund clients.
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and from the NASD Ryan was in fact a registered Broker/Dealer:

http://pdpi6.nasdr.com/pdpi/master_report_frame.asp?Subject=21669&Subject_Name=RYAN+%26+COMPANY%...

CRD# 21669
RYAN & COMPANY, LP

TYPES OF BUSINESS
This section lists the type(s) of business that the brokerage firm is currently engaged in as reported on the Form BD.

-Investment advisory services
-Broker or dealer making inter-dealer markets in corporate securities over-the-counter
-Mutual fund retailer
-Put and call broker or dealer or option writer
-Underwriter or selling group participant (corporate
securities other than mutual funds)
-Effects transactions in commodity futures, commodities,
commodity options as broker for others or dealer for own
account


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