Deposition of Scott Rothstein re - Trustee Services
Deposition of Scott Rothstein re - Trustee Services
Deposition of Scott Rothstein re - Trustee Services
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1 deals or structu<strong>re</strong>d settlement deals, was RRA<br />
Page 129<br />
2 <strong>re</strong>giste<strong>re</strong>d as a broker/dealer with any <strong>re</strong>gulatory<br />
3 body?<br />
4 A. Let me just clarify the question. They we<strong>re</strong><br />
5 never pitched as structu<strong>re</strong>d settlement deals, they<br />
6 we<strong>re</strong> always pitched as funding <strong>of</strong> confidential<br />
7 p<strong>re</strong>-funded settlements. And in answer to your<br />
8 question, we -- I'm sorry, ask your question again.<br />
9 Q. During the time when you we<strong>re</strong> doing these<br />
10 deals, however they we<strong>re</strong> structu<strong>re</strong>d, however they a<strong>re</strong><br />
11 titled, was RRA <strong>re</strong>giste<strong>re</strong>d as a broker/dealer with the<br />
12 NASD, New York Stock Exchange, or any other <strong>re</strong>gulatory<br />
13 authority?<br />
14 A. No, sir.<br />
15 Q. We<strong>re</strong> the promissory notes themselves ever<br />
16 <strong>re</strong>giste<strong>re</strong>d as a security under the laws <strong>of</strong> any state?<br />
17 A. No, sir.<br />
18 Q. We<strong>re</strong> the promissory notes ever exempted from<br />
19 <strong>re</strong>gistration under the laws <strong>of</strong> any state?<br />
20 A. No, sir.<br />
21 Q. Was RRA licensed as a lender under the laws<br />
22 <strong>of</strong> the State <strong>of</strong> Florida or the United States?<br />
23 A. You mean did we have a specific designation<br />
24 as a lender? No, sir.<br />
25 Q. Or any license to transact business as a
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