Comments on: Media Attention Increases Heat on Mary Schapiro and FINRA

By: Larry Doyle

Larry Doyle — Tue, 27 Oct 2009 19:48:03 +0000

Tony,

I know nothing on this topic. I looked to see if I could find a listing of Nasdaq shareholders but had no luck.

Do you know of any sites that may have that info?

By: Tony Ryals

Tony Ryals — Tue, 27 Oct 2009 17:45:29 +0000

My thanks as well Larry for bringing this subject to the fore.I would really like you to address the fact that the Sheikh Mohamed Al Rashid is a major if not the major owner of NASDAQ and how that came to be particularly in light of American dissent against his controlling U.S.port security shortly before he took over NASDAQ.Who were all those reponsible for giving him the U.S.NASDAQ in light of the fact Dubai is still considered a money laundering center of the world and it appears at $175,000 was sent to Mohamed Atta in Venice,Florida from Dubai pre 9/11 ? How much does he make off penny stock fraud between the U.S. and Israel that mainly defrauds Americans seeing as how he also got the OTCBB scam market as well ?
Pleae give us your insights.

By: Larry Doyle

Larry Doyle — Sun, 25 Oct 2009 20:41:29 +0000

Alana,

Thanks for sharing that point. When people are not held accountable others see and feel that as well.

Legitimate organizations would tell a person such as this, “don’t let the door hit you on the way out.”

Over and above that, though, I believe the powers that be higher up within FINRA very likely stonewalled any real investigation of Madoff.

The question about Stanford seems to be whether the Department of Justice was using Stanford as a front to track illegal drug-related money laundering activities. Little did the DOJ appreciate that Stanford was running a de facto Ponzi scheme.

Ultimately it could very well be that the Madoff and Stanford scams were effectively “inside jobs.”

By: Alana

Alana — Sun, 25 Oct 2009 20:25:51 +0000

With respect to FINRA’s recent Report of the Special Review Committee dated 10/2/09, in particular the Stanford scandal, the associate director who managed FINRA’s Dallas District office during the Stanford scheme is still employed at FINRA in SFC. It is sickening how this person can face his staff everyday when everyone knew it was him who dropped the ball.