An NASD Regulation Hearing Panel ordered Josephthal & Co., Inc. Of New York City to pay fines, restitution and interest to more than 360 customers defrauded in a scheme using what the Panel called "tactics typically associated with 'boiler room' operations." For more info visit https://web.archive.org/web/20041020044333/http://www.nasdr.com/news/pr2001/ne_section01_029.html