The Securities Law Blog has been providing investors, advisors and attorneys with news and expert commentary from top securities attorneys and regulators since 1995. Updated daily.
Sunday, June 11, 2006
In Switch, Company Sues NASD For Fraud, Says NASD Aided FBI In Creating Bogus B/D
In Switch, Company Sues NASD For Fraud, Says NASD Aided FBI In Creating Bogus B/D: "In an unlikely lawsuit, a private company is suing the NASD for securities fraud. A small cancer-research firm called Shimoda-Atlantic, based in Bentonville, Arkansas, filed a lawsuit against the NASD on Wednesday because, the company says, the self-regulatory organization helped several men, allegedly employed by the FBI, to create and perpetrate a fraudulent securities scheme against the company "