Printer Friendly

STRATTON OAKMONT RESPONDS TO SEC CIVIL SUIT

 STRATTON OAKMONT RESPONDS TO SEC CIVIL SUIT
 LAKE SUCCESS, N.Y., March 20 /PRNewswire/ -- Stratton Oakmont, Inc.


today issued a statement in response to a civil action filed earlier today by the Securities and Exchange Commission in the U.S. District Court for the Southern District of New York.
 The Lake Success-based company said:
 "The SEC is not seeking an asset freeze in this matter because it is unwarranted, and the SEC is unable to accomplish such an action. Stratton Oakmont is well-capitalized, and an asset freeze at this time is not justified. Stratton Oakmont plans vigorously to defend itself. These charges are nothing more than a rehash of stale allegations. Stratton Oakmont has thousands of customers who are very supportive. The firm makes markets in NMS and NASDAQ securities."
 -0- 3/20/92
 /CONTACT: Peter Rosenthal or David Sternstein of Howard J. Rubenstein Associates, 212-489-6900, for Stratton Oakmont/ CO: Stratton Oakmont Inc. ST: New York IN: SU:


SH-CK -- NY059 -- 0155 03/20/92 14:17 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 20, 1992
Words:167
Previous Article:SMALL-BUSINESS OWNERS URGE GOVERNOR TO VETO SMOKERS' RIGHTS BILL
Next Article:ABBOTT INTRODUCES PAIN MANAGEMENT PROVIDER DESIGNED FOR EPIDURAL ANALGESIA ADMINISTRATION
Topics:


Related Articles
STRATTON OAKMONT AND PRINCIPALS SETTLE CASE WITH SEC
STRATTON OAKMONT FILES SUIT AGAINST PRODIGY SERVICES COMPANY, ET AL
STRATTON OAKMONT CALLS INDEPENDENT CONSULTANT REPORT IMPRACTICAL AND IRRESPONSIBLE
STRATTON OAKMONT MOVES FOR SUMMARY JUDGMENT AGAINST PRODIGY SERVICES COMPANY
STRATTON OAKMONT MOVES FOR SUMMARY JUDGMENT AGAINST PRODIGY SERVICES COMPANY
STRATTON OAKMONT COMMENTS ON JUDGE'S RULING
COURT GRANTS SUMMARY JUDGMENT TO STRATTON OAKMONT IN ITS LIBEL SUIT AGAINST PRODIGY SERVICES COMPANY

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters