Worldco Fined by NASD

Turok · Jan 15, 2004

>perhaps ironic

Must have skipped the "literally" part.

JB

praetorian2 · Jan 15, 2004

Real brilliant, fine them when they are bankrupt. When they have no money left.

Where were the regulators when there were major and very glaring issues.

I had heard that worldco was on the verge of bankruptcy on a few occassions. I even had a list of the biggest dog positions that they were floating and trying to liquidate without destroying their equity. I know a few funds that shorted the piss out of those dozen or so small caps and eventually put worldco under. Why didn't the regulators close that down when the whole street know that they were effectively failed for 6-months before?

TM_Direct · Jan 15, 2004

Quote from praetorian2:

Real brilliant, fine them when they are bankrupt. When they have no money left.

Where were the regulators when there were major and very glaring issues.

I had heard that worldco was on the verge of bankruptcy on a few occassions. I even had a list of the biggest dog positions that they were floating and trying to liquidate without destroying their equity. I know a few funds that shorted the piss out of those dozen or so small caps and eventually put worldco under. Why didn't the regulators close that down when the whole street know that they were effectively failed for 6-months before?

that's the laughable part.....im telling you, there is very little the NASD can do if they refuse to pay the fines.....except throw them out permanently...big deal...

munich · Jan 15, 2004

I hope this doesn't come as a surprise to anybody. Worldco defenders please spare us with the "wldc gave me a chance" bs.

F... Walter and anyone who defrauded/deceived people in the name of WorldCo. The Bruan's made a fortune with their scam, let's congratulate them and wish them to hell for it.

chasinfla · Jan 15, 2004

i must be in the wrong thread. I obviously came to the choirboy's thread, when I thought it was supposed to be about Worldco.

2yearNewbie · Jan 16, 2004

Quote from zdreg:

"a day late and a dollar short"
your posting from nasd site has already been posted for days

why did you start a new thread when a worldco thread already exists? worldco$$

ego or they never taught you how to do research in school?

Hey ZDREG! You Must be a friend of someone who ran Worldco. I love your quote "people like you forget opportunities worldco gave to people who would never have had a chance to make big money on wall street"
So that makes if fair for Worldco to be scumbags??? Did you read the NASD fine????????

zdreg · Jan 16, 2004

Quote from 2yearNewbie:

Hey ZDREG! You Must be a friend of someone who ran Worldco. I love your quote "people like you forget opportunities worldco gave to people who would never have had a chance to make big money on wall street"
So that makes if fair for Worldco to be scumbags??? Did you read the NASD fine????????

you've got quite a temper plus a limited vocabulary.
I read nasd fine.
rules were violated in an attempt to make more money for traders and for firm.

zdreg · Jan 16, 2004

Quote from 2yearNewbie:

Hey ZDREG! You Must be a friend of someone who ran Worldco. I love your quote "people like you forget opportunities worldco gave to people who would never have had a chance to make big money on wall street"
So that makes if fair for Worldco to be scumbags??? Did you read the NASD fine????????

people with no experience and many from no name colleges but with high grade pt. averages were given
unusual opportunities to succeed

zdreg · Jan 16, 2004

Quote from munich:

I hope this doesn't come as a surprise to anybody. Worldco defenders please spare us with the "wldc gave me a chance" bs.

F... Walter and anyone who defrauded/deceived people in the name of WorldCo. The Bruan's made a fortune with their scam, let's congratulate them and wish them to hell for it.

be specific about how people were defrauded.

zdreg · Jan 16, 2004

Quote from munich:

I hope this doesn't come as a surprise to anybody. Worldco defenders please spare us with the "wldc gave me a chance" bs.

F... Walter and anyone who defrauded/deceived people in the name of WorldCo. The Bruan's made a fortune with their scam, let's congratulate them and wish them to hell for it.

please spare us with the "wldc gave me a chance" bs.
is it bs.?
or is it simply the truth that people with no experience and weak resumes were given an opportunity