Hordes of penny-stock hustlers have headed south to the American Stock Exchange, the o-t-c bulletin board and the Pink Sheets since the Vancouver Stock Exchange disappeared in 1999.

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The American Stock Exchange and the o-t-c bulletin board are willing to list these latter-day stock vendors.

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Shapiro is still a director at 360 and says he hopes to make investors in the o-t-c bulletin board stock whole.

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In 2002 the company had done a reverse merger with ProHealth Medical, an o-t-c bulletin board stock, that resulted in Langley's RHL Management getting 5.5 million shares.

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And yet you can find him all over a recent prospectus filed with the SEC for Hydrogen Power, a Seattle company with a volatile stock on the o-t-c bulletin board.

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"Flash has shown price improvement and order-size improvement, " said Mr. O'Brien, who joined the firm from the Nasdaq Stock Exchange in July 2007.

WSJ: Ban on Flash Orders Is Considered by SEC