SEN. ALFONSE D'AMATO (R-NY)

Sen. D'Amato was a very active stock trader in 1993. The first trade involves the well-publicized INITIAL PUBLIC OFFERING in UTS Computer Marketplace. Sen. D'Amato purchased ($15,000 - $50,000) and sold ($50,000 - $100,000) on the same day (June 29, 1993). The IPO price was $4.00 plus warrants. Sen. D'Amato made over $37,000 profit in less than one day.

Here are his other quick-trades:

Licon International: (P) 7/7/93 (S) 7/26/93 $15,000 - $50,000

SMT Health Services: (P) 7/20/93 (S) 7/26/93 $15,000 - $50,000

SMT Health Services: (P) 8/25/93 (S) 8/26/93 $15,000 - $50,000

Computer Marketplace: (P) 8/23/93 (S) 8/25/93 $15,000 - $50,000

Computer Marketplace: (P) 8/30/93 (S) 8/31/93 $15,000 - $50,000

Out Takes: (P) 8/26/93 (S) 8/30/93 $15,000 - $50,000

BWTS

Computer Marketplace: (P) 8/31/93 (S) 9/20/93 - 9/28/93 $15,000 -$50,000

Rowan Companies: (P) 9/28/93 $1,000 - $15,000

What's really interesting is that the UNDERWRITER for all of these stock issues (except Rowan Companies) was STRATTON OAKMONT!!!

Stratton Oakmont was and continues to be under investigation by the SEC for trading violations. Sen. D'Amato is # 1 on the Senate Banking Committee (which has oversight on the SEC).

POLITICAL MONEY NOTES: In 1992, Sen. D'Amato accepted 13,000 dollars in campaign contributions from Stratton Oakmont traders. Three of those traders giving Sen. D'Amato campaign money were Jordan Belfort ($2,000), Daniel Porush ($4,000), and Kenneth Greene ($2,000). All three were indicted on securities fraud. According to an article in the Rochester Democrat and Chronicle (June 17, 1993), Sen. D'Amato's office said that $8,000 in campaign money from Stratton Oakmont was returned on March, 1992 after allegations were made against the firm's executives. However, Sen. D'Amato's Individual Contributions Report (Filed 6/10/93) shows NO RETURNS were made to Stratton Oakmont. Is this an honest mistake in reporting, or is the Senator's staff lying??? Even if he did return $8,000, that still leaves $5,000 in political contributions from executives in Stratton Oakmont.

The case against the three executives from Stratton Oakmont was settled (no admission of guilt) February 2, 1994. Daniel Porush was fined $100,000 and hit with a supervisory suspension for 12 months. Kenneth Greene was fined $100,000 and barred from securities trading for 5 years. Jordan Belfort was fined $100,000 and barred from any future securities trading.

• On October 22, 1992, Sen. D'Amato purchased between 8,000 and 40,000 dolalrs worth of stock in eight different public utilities (DPL Inc.; Long Island Lighting; Public Service Enterprises; Union Electric; DQE; Florida Power and Light; Philadelphia Electric Co.; Pacific Gas and Electric).

Two days later (on October 24, 1992), President Bush signed P.L. 486: the NATIONAL ENERGY CONSERVATION ACT.

• On July 3, 1990, Sen. D'Amato's wife purchased between 1,000 and 15,000 dollars worth of stock in Stride-Rite (the shoe people). She sold this stock on July 19, 1990 for no reported capital gains.

During this time, the Senate was actively debating and amending S. 1630: CLEAN AIR RESTORATION AND STANDARDS ATTAINMENT ACT...To amend the Clean Air Act to provide for attainment and maintenance of health protective national ambient air quality standards (Introduced September 14, 1989; Referred to the Senate Environment Committee; Became P.L. 101-549 on November 15, 1990).

The footware industry was very much opposed to this bill...specifically, provisions regarding adhesives used to cement soles to shoes. According to a July 9, 1990 article in Footware News, officials from Stride-Rite believed the provisions in S. 1630 would constitute a major blow to the footware industry.

Something else interesting happened after the D'Amato's stock purchase. On July 9, 1990, Reuters made the following report: "Stride-Rite Corp. said it will not comment in the rise of its stock price on July 6 [three days after the purchase] on the New York Stock Exchange. The stock rose to 30.375 dlrs. per share from 27.50 dlrs."

NOTES: The Stride-Rite transaction was Sen. D'Amato's only reported transaction for 1990.