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THE SECURITIES AND EXCHANGE COMMISSION AND THE AMERICAN STOCK EXCHANGE (NYSE-MKT) PERMIT JOSEPH GIAMANCO TO PERPETRATE FRAUD AND ILLEGAL TRADING

October 6, 2012

CERTIFIED MAIL  P 397 542 201

RETURN RECEIPT REQUESTED

Edward Manfredonia

8337 St. James Avenue

Apt. 4B

Elmhurst, New York 11373

14 October 1996

Ms. Carmen Lawrence

Director
Northeast Region

Securities and Exchange Commission

7 World Trade Center
New York, New York 10048

Dear Director Lawrence:

THE INFORMATION I SHALL PROVIDE MUST BE INVESTIGATED BY THE SECURITIES AND EXCHANGE COMMISSION AND NOT BY THE AMERICAN STOCK EXCHANGE.   

JOSEPH GIAMANCO

This missive shall contain information concerning the endemic corruption of one specialist unit, GHM (Giamanco, Herman, and Menello).  Joseph Giamanco knows that I am aware of his illegal trading.  As a result, Giamanco has placed his specialist unit for sale.

GHM clears its trades through Spear Leeds and Kellogg.

The give-up for specialist units, who clear through Spear Leeds and Kellogg, is SLK.

Giamanco clears his personal trades through Spear Leeds and Kellogg.

The give-up for AMEX traders, who trade AMEX equities and clear through Spear Leeds and Kellogg is LXE.

Thus, both Giamanco and the specialist unit, GHM process their respective trades through Spear Leeds and Kellogg.

Joseph Giamanco owns sixty percent of GHM.

Giamanco trades, for his own account, the stocks in which GHM specializes.  These stocks are traded in his account at Spear Leeds and Kellogg.  THIS IS A MAJOR VIOLATION OF SECURITIES LAW. 

Joseph Giamanco has a close personal relationship with John Hatsopoulos, Chairman and Chief Financial Officer of Thermedics, a stock in which GHM is the specialist.  John Hatsopoulos is also a governor of the American Stock Exchange-a public governor, i.e., one who represents the public.

Through Thermedics, Hatsopoulos controls several other AMEX listed companies-collectively referred to as the “T” stocks.

Giamanco’s specialist unit, GHM, is the specialist in the “T” stocks.

Giamanco trades the “T” stocks in his personal account at Spear Leeds and Kellogg, giving up LXE.

Giamanco and Hatsopoulos have jointly conspired to manipulate the price of the “T” stocks.

If a seller appears in the “T” stocks, Giamanco will telephone Hatsopoulos and inform Hatsopoulos that a seller has appeared in a “T” stock.  Hatsopoulos will either place orders for himself or his firm to purchase the stock.  Sometimes Hatsopoulos will find purchasers other than himself or entities, which he controls, to purchase the stocks.  Other times, Giamanco will purchase the stocks for his personal account or GHM’s account.

 

THE TRADING ANALYSIS DEPARTMENT UNDER THE AEGIS OF BOTH JULES WINTERS (MANY YEARS AGO) AND TOM BROWN, WITH RICHARD ROBINSON AS HIS DEPUTY, HAVE ORDERED ITS INVESTIGATORS NOT TO INVESTIGATE THE ILLEGAL TRADING PRACTICES OF GHM AND JOSEPH GIAMANCO.  THIS I KNOW TO BE TRUE.

 

THE SECURITIES AND EXCHANGE COMMISSION MUST INVESTIGATE THIS ILLEGAL TRADING, INVOLVING GHM, JOSEPH GIAMANCO AND JOHN HATSOPOULOS.

Sincerely,

Edward Manfredonia

P. S. Congratulations on your investigation of the illegal practices of those forty six individuals.  See where one investigation into illegal securities activities can lead.

The FBI should have accorded me much better protection than it did-which was non-existent.

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