SEC Fines Illegal Short Sellers $1,000,000 – Is it Just the Beginning? Short Seller Wars this Sunday Night on “Corporate Strategies with Tim Connolly” from 8 to 10 PM EST.
by Anonymous

HOUSTON, TEXAS – [BUSINESS WIRE Friday, February 28, 2003
Listen live to the ongoing controversy over illegal short selling on “Corporate Strategies with Tim Connolly” this Sunday night from 8 to 10 pm EST. Hear more details about this new enforcement action against Rhino Advisors. SEC Assistant Director of Enforcement James Coffmann, stated “when we find abuse in this area, we are going to act accordingly.” Rhino and its President Thomas Badian, agreed to the terms of the settlement without admitting or denying guilt. This weekend’s special two-hour edition of Corporate Strategies is co-sponsored by The CEO Council (www.ceocouncil.net), Investrend Broadcast at www.investrendbroadcast.com, and Princeton Research (www.princetonresearch.com). Listeners can call in live at 1-877-266-7469 or listen live via the Internet at www.businesstalkradio.net or on over 275 local affiliates nationwide. This edition of “Corporate Strategies with Tim Connolly” is hosted by Tim Connolly of Corporate Strategies Merchant Bankers (www.corporate-strategies.net) and Senior Vice Presidents Scott Eisler and Michael Kravitz of Wachovia Securities. Noted Economist Mike King of Princeton Research provides live technical analysis for the show and hosts the “Not For Widows and Orphans” segment of “Corporate Strategies with Tim Connolly” from 8:00PM to 9:00PM CST.

The Short Seller Wars have recently been the subject of several articles in the Dow Jones (NYSE: DJ) News Service and Reuters (NASDAQ: RTRSY). Per Financial Wire News Service, the complete list of the 60 companies currently associated on one side or another of the naked short seller controversy includes A.G. Edwards, Inc. (NYSE: AGE), and Federal Agricultural Mortgage Corp. “Farmer Mac” (NYSE: AGM), among others. Clickable links for the complete list on FinancialWire news are at http://www.financialwire.net.For FinancialWire audio news.

“Corporate Strategies with Tim Connolly" is live talk radio…with the Titans of Business who move financial markets! The show is hosted by Tim Connolly, CEO of Merchant Banker Corporate Strategies, Inc. The Executive Producer of the show is broadcast news veteran Jan Carson, an award winning journalist with more than 20 years experience as a top rated television news anchor and reporter for NBC, ABC and CBS network affiliates. “Corporate Strategies with Tim Connolly” features financial experts from across the nation providing the latest intelligence on equities, income investments, and a variety of risk, equity and option strategies. Recent guests have included former SEC Chairman Arthur Levitt, former Compaq CEO Eckard Pfieffer, Money Manager Louis Navellier, and many others.

About Wachovia Corporation, Scott Eisler and Michael Kravitz
Co-hosts Scott Eisler and Michael Kravitz are Senior Vice Presidents of Wachovia Securities. Wachovia Corporation (NYSE:WB), created through the September 1, 2001, merger of First Union and Wachovia, is a leading provider of financial services to 20 million retail, brokerage and corporate customers throughout the East Coast and the nation. Its four core businesses are: the General Bank, Capital Management Group, Wealth Management Group and the Corporate and Investment Bank. As of June 30, 2002, Wachovia had $325 billion in assets, a market capitalization of $52 billion, and stockholder’s equity of $30 billion Wachovia Corporation is the fourth largest bank holding company based on assets and Wachovia Securities is the fifth largest broker-dealer in the United States.




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