Letter submitted to Richard Campenella, COO, First Colonial Securities, subsidiary of vFinance (VFIN):
Richard Campenella, COO
Legal & Compliance
3010 North Military Trail
Suite 300
Boca Raton, FL 33431
561-981-1085
800-487-0577
richc@vfinance.com
I have e-mailed the following to the above address:
Mr. Campenella,
I am writing as an investor of First Canadian American Holding Corp. with grave concern as to the hold on our share price this a.m.
It is highly suspect that shares that have been trading at $0.0006 at a healthy peck of 124M shares are being sold by only one market maker of record, namely First Colonial Securities.
Please bear in mind that several shareholders of record are also signifying their frustration on this matter and are in concert toward informing the SEC. The SEC says that, "when a broker-dealer has a fail position in a "threshold security," and that fail position has persisted for 13 consecutive settlement days, the broker-dealer must take immediate steps to close-out the fail by purchasing securities of like kind and quantity. Even market makers that have such persistent fails in threshold securities must close-out their positions."
The shareholders of First Canadian American Holding Corp. are interested in holding you and any other brokerage/dealer to this standard and will be requesting assistance from the SEC to ensure that this rule is followed.