Quote from Omartrading:
I think Blackwood is out of biz but I could be wrong. They had some beautiful furniture though.
Blackwood Securities, LLC (CRD #44669, New York, New York) and Craig Robert
Schlifstein (CRD #2637134, Registered Representative, New York, New York)
submitted a Letter of Acceptance, Waiver, and Consent in which the firm was
censured and fined $105,000, $20,000 of which is joint and several with
Schlifstein. Schlifstein was suspended from association with any NASD member in
any capacity for 10 business days. Without admitting or denying the allegations,
the respondents consented to the described sanctions and to the entry of
findings that the firm, acting through Schlifstein, failed to submit required
information to the Order Audit Trail SystemSM (OATSSM) on 506 consecutive
business days, and submitted to OATS reports with respect to equity securities
traded on The Nasdaq Stock Market that were not in the electronic form
prescribed by NASD. The findings stated that the reports were rejected by the
OATS system and notice of such rejection was made available to the firm on the
OATS Web Site, but the firm did not correct or replace any of the subject
reports.
NASD also found that the firm, acting through Schlifstein, transmitted to OATS
reports that contained inaccurate, incomplete, or improperly formatted data,
executed a short-sale transaction in a Nasdaq National Market® (NNM®) security
at or below the current inside bid when the current inside bid was below the
preceding inside bid in the security, and executed short-sale orders and failed
to make an affirmative determination prior to executing such transactions.
Furthermore, the firm, acting through Schlifstein, failed to respond timely
and/or completely to NASD requests for information. In addition, the findings
stated that the firm, acting through Schlifstein, failed to keep current and
amend Schlifstein's application for registration, and the firm's supervisory
system did not provide for supervision reasonably designed to achieve compliance
with respect to applicable securities laws and regulations concerning the bid
test rule, the affirmative determination rule, and the OATS reporting rules.
Schlifstein's suspension began August 18, 2003, and concluded at the close of
business August 29, 2003. (NASD Case #CMS030168)