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by Mike Caswell

Kenneth Telford, one of two Canadians facing civil charges in the United States for a $3.1-million pump-and-dump, denies that he did anything wrong. (All figures are in U.S. dollars.) The U.S. Securities and Exchange Commission claims that he boosted an OTC Link company with a boiler room and an e-mail campaign. He and his co-accused, Jason McDiarmid, sold 2.48 million shares during the scheme, the SEC says.

The denial from Mr. Telford is contained in an answer filed on Dec. 11, 2017. The document is 20 pages long, but contains no details. In response to nearly all of the 109 paragraphs in the SEC's complaint, he simply has a generic statement in which he denies any wrongdoing or denies knowing about the events at issue. He does admit to some routine things, such as the fact that he is a Canadian citizen living in the Philippines. He asks that the case be dismissed. He is also seeking a trial by jury.

Mr. Telford's answer comes about 2-1/2 months after the SEC charged him and Mr. McDiarmid for the scheme. In a complaint filed on Sept. 29, 2017, in the Southern District of California, the SEC said that the men were behind the 2014 pump-and-dump of Interactive Multi-Media Auction Corp. The company claimed to be an auctioneer and dealer of fine art, fashion and design.

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