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 "
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