We haven't found anything in our review of the situation that was inappropriate. Mr. Townsend has taken a third course. The suit was filed by Mike Park of Huntsville and Jerry Gette of Zelle and Larson, a Dallas firm. A Tampa, Fla. law firm, Alpert and Hughes, has filed three class action suits against NationsSecurities. None of the suits has yet received court certification as a class action.
Legal procedures are ongoing.
What I can tell you is that the state of Florida has an ongoing investigation of NationsSecurities operations in Florida and as part of that review we are reviewing several closed end funds sold by NationsSecurities. Texas State Securities Board Commissioner, Denise Crawford said. The purpose of this column isn't to try the lawsuits. That will be done in court. The purpose is to tell what happened to an individual investor and to explore the implications for other investors.