aids Congressional investigation into AMEX stock fraud

Congressman John D. Dingell wrote a series of letters citing the work of Manuel P. Asensio to request information from the Securities and Exchange Commission about stock fraud at the American Stock Exchange and to ask for an investigation and report by the U.S. General Accounting Office.

Congressman Dingell’s most recent letter, dated November 13th, states, “The Securities and Exchange Commission recently confirmed that Amex failed to follow its own guidelines in listing more than two dozen stocks this year…  Mr. Asensio describes an alleged fraudulent scheme… that includes allegations about the possible involvement of Amex leaders and members.”

Click here to read all of Congressman’s Dingell’s AMEX letters.