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No. of Recommendations: 3
Thompson concluded, "By dismissing the Whistler case, Judge Jones has reaffirmed the importance and value of having clearly delineated authority in the area of market operations. We completely agree with this result, as does the SEC which has weighed in unequivocally on this issue."

In February 2006, the SEC filed a "friend of the court" brief in support of DTCC in one of the dismissed cases, Nanopierce Technologies Inc. v. DTCC, urging the Supreme Court of Nevada to affirm the lower court decision dismissing the case. The Nanopierce case, which makes identical claims to those in the Whistler action, is pending on appeal before the Supreme Court of Nevada. The SEC brief can be accessed at: http://www.sec.gov/litigation/briefs/nanopiercesecbrief.pdf. Additionally, in a May 12, 2006 follow-up letter to the Supreme Court of Nevada the SEC wrote, "Plaintiffs' claims are preempted because evaluating these claims of alleged defects has been entrusted by Congress to the (SEC), not to state courts."


So Bobo will now trumpet that Wall St. has now thoroughly corrupted the courts, so this was to be expected.

As time goes on I feel myself morphing into TMFBent. These suits are such a waste of time and effort, put forth by company chiefs who deserve to be thrown out on the street.

et
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