Frank P. Quattrone free to return to Wall Street

Discussion in 'Professional Trading' started by ASusilovic, Aug 31, 2007.

  1. A federal judge formally approved a request by prosecutors to dismiss all remaining charges against Frank P. Quattrone, the former Credit Suisse banker. The decision Wednesday came four years after Mr. Quattrone was accused of obstructing justice and 17 months after his conviction for the crime was reversed. Last August, the government agreed to drop its case if Mr. Quattrone, 51, did not break the law for a year.

    The dismissal was signed on Monday by Judge George B. Daniels of United States District Court and filed in the court in Manhattan Wednesday. The dismissal means Mr. Quattrone, head of Credit Suisse First Boston’s technology banking group from 1998 to 2003, is free to return to the financial industry he left when he was indicted.

    “The opera is over,” Mr. Quattrone said in a statement Thursday. “For more than four years, I fought to clear my name and prove that the accusations against me were without merit. Today, the legal system has rendered its final verdict: I am innocent.” Mr. Quattrone, who federal regulators said earned more than $200 million from August 1998 to the end of 2001.
  2. vectors101

    vectors101 Guest

    What was the crime?

    4 years of investigation accusing wall street of rigging the price of IPO...isn't it suppose to be rigged.
  3. vectors101

    vectors101 Guest

    wall street is a"GAME"

    bluffing and puffing...bullshitting. why does the gov't bother with wall street games. they play.

    Is the US become a police state.

    these speculators(gamblers) of these stocks know the risk and game they are participating in.
  4. vectors101

    vectors101 Guest

    the underwriters of the stocks from thes risky or speculative IPO always get shares as payment for taking the risk and mark it up for IPO as payment for underwriting the risk and speculative's no a kickback but as an incentive to promote the shares to marke speculators who know the RISK of the shares.
  5. vectors101

    vectors101 Guest

    if specualators lose money due to price crash or business failures it's the investors problem,. not the brokers's the responsiblitiy of the investors or speculators to do their own due diligence. but very few actually do an research or due diligence when speculating./
  6. Wall Street makes most of its money two ways:

    1.) Investment banking fees(all major tops are peek IPO calendar weeks).

    2.) Shorting options premiums.

    They don't do it buying and selling stocks. They do this to manipulate the options levels so they can short them.

    Once you see the expiration paired off at a certain level, you need not be concerned with breakouts or breakdowns in the futures and you can counter trade (overlap method) all such potentials because the Street will short the calls or puts right back into line and they will not let the futures breakout and upset their game.
  7. RISK FREE $$$$$$$$$$$$, what ? :D