Asensio Exposed!                                                     
       Warning: may contain loud, rattling skeletons

                                                                                                                                                                                                           

  Asensio Makes Threat in Effort to Shut Us Down!

 NASD Boots Asensio's Brokerage  (click for details)
                       
 Both Now Expelled from Securities Industry
                                                                                                           
 
Welcome to Asensio.CoN    Asensio.CoN Part Two  (7/06)                       

   12/28/07  Revised & Updated Asensio FAQ
 
  03/18/06  The Elgindy Files (new items 2/07/06; 3/19/06; 3/22/06; 07/14/06; 12/18/07)                              
   
 05/05/04  Appeals Court Upholds Fraud Verdict Against Asensio
   04/04/04  Asensio Charged Again
  
 01/11/04  Bill Wexler Update
  
12/24/03  How Asensio Duped Regulators                                                                            
  
     
                                                                                                                                                                                                                                                        

Site Updates
He Tries to Silence Us
RIP Integral Securities
Asensio.CoN Website
Asensio.Con Part 2
"Barred" from Industry
NASD:Unfit to Regulate
Unfit to Regulate Pt 2
NASD Plot Thickens
Is NASD Corrupt?
Is NASD Corrupt Pt 2
How He Duped NASD
1989 Fraud Verdict
2002 Fraud Verdict
Hedge Fund Flack
Hedge Fund Flack Pt 2
Asensio FAQ
Asensio FAQ #2
Who Writes the Script?
Review of Sold Short
His Clients
Long/Short Strategy
Asensio Under Oath
Dissing the Courts
Who is Bill Wexler?
Who is Bill Wexler Pt 2
Bill Wexler Update
His Doctored Record
Reading Room
Contact Regulators
Reader Comments
Feedback
New Link Bar
New Link Bar 2

 
 

Contacting Regulators

Have an opinion about anything you've learned here?  Take the time to let regulators (and ideally, your elected officials) know.  The more they hear from the public on an issue, the more likely they are to act.

Attorney General  of New York

New York has what may be the strictest securities laws in the country and jurisdiction over anyone who does business within the state.   Direct your complaints and comments to:

The Hon. Andrew M. Cuomo
Attorney General
120 Broadway
New York NY 10271
andrew.cuomo@oag.state.ny.us
 

David D. Brown
Bureau Chief, Investor Protection & Securities
120 Broadway , 23rd Floor
New York, New York 10271
(212) 416-8198 (phone)
(212) 416-8816 (fax)
david.brown@oag.state.ny.us
 

Attorney General of the United States

Most issues related to the securities market are civil rather than criminal in nature and handled by the Securities and Exchange Commission.  However, when an issue comes along that warrants the attention of federal prosecutors, we suggest calling it to the attention of Attorney General Alberto Gonzales.


The Hon.  Michael Mukasey
Attorney General
U.S. Department of Justice
950 Pennsylvania Avenue, NW
Washington, DC 20530-0001 
Criminal.Division@usdoj.gov



National Association of Securities Dealers (NASD)

The NASD Regulation is traditionally considered the first line of defense for investors with complaints about a broker or firm.  It is not a government agency, but a self-regulatory organization (SRO).  But unlike many SROs, NASD performs some functions delegated to it by Congress and the SEC.  Which is why it, the SEC, and Congress all need feedback from investors about what they feel NASD should be doing, and how well the agency is doing it. 

NASD says it welcomes complaints and regulatory tips via on-line complaint forms available at its website.  These forms are convenient, and many use them.  Complaints filed in this manner may occasionally make a difference.  Our view is that an email to whom it may concern at an anonymous mailbox is like a verbal contract.  Not worth the paper it is printed on.

It's best to take the time to mail or fax a real letter to a real decision-maker at the NASD.   Alternatively, send your letter via email to the president.  She is:   

Mary Schapiro
President, NASD Regulation
1735 K Street N.W.
Washington DC 20006

mary.schapiro@nasd.com

Keep in mind that NASD's authority is limited to registered brokers and persons associated with them.  NASD regulates hedge funds only if a registered broker is on the staff.



Securities and Exchange Commission (SEC)  

The SEC has broad power over the securities marketplace  Its authority includes hedge funds, which contrary to popular belief, are not free from  regulation. However, the SEC's authority is purely civil.  It has no authority to prosecute criminal cases.   

Like the NASD, the SEC provides an on-line complaint mechanism.  Convenient, and in our view, a waste of time. A letter to the leadership is preferable.  Address any communication to the agency Chairman and allow his staff to decide where to direct it. 

His contact information is:

Christopher Cox
Chairman
Securities & Exchange Commission
450 Fifth Street, NW
Washington, DC 20549
chairmanoffice@sec.gov



Other States

To find securities regulators in your state, consult the listing provided by the North American Securities Administrators Association
 


Page Created 11/30/02 Updated 2/26/03 Updated 1/20/06 Updated 12/20/07