SEC fines and bans Briner for Golden Apple
2010-11-05 13:42 ET - Street Wire
Also Street Wire (U-*SEC) U.S. Securities and Exchange Commission
Also Street Wire (U-GAPJ) Golden Apple Oil and Gas Inc
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
by Mike Caswell
The U.S. Securities and Exchange Commission has banned Vancouver securities lawyer John Briner for five years and has fined him $92,368 for his role in the Golden Apple Oil & Gas Inc. pump-and-dump. (All figures are in U.S. dollars.) In a judgment entered on Nov. 3, 2010, Mr. Briner has been ordered to disgorge $52,488, representing gains from the scheme, plus $14,880 in interest. He also must pay a $25,000 civil penalty.
The five-year ban applies to both penny stock offerings and to roles as an officer or director of a public company. The penalty represents a negotiated settlement, which Mr. Briner entered without admitting any wrongdoing.
The SEC claimed that Mr. Briner and a Toronto man, Jay Budd, pumped Golden Apple to $3.70 in 2005 with misleading news releases touting a home warranty business and an oil and gas property. During the promotion a private company that Mr. Budd incorporated, Ethos Investments Inc., sold $3.4-million worth of Golden Apple shares, the SEC said.
The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS
© 2026 Canjex Publishing Ltd. All rights reserved.
Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated,
although libelous remarks, obscene language and impersonations may be deleted.
Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the
University of Ottawa's FAQ regarding Defamation and SLAPPs.
This guy should have received 25 years in jail, minimum!
Posted by Norm Knew Some at 2010-11-05 16:10
Look at the huge disparity here between a fine from the SEC for these guys and 15 years in Jail for the National Storm pump.
Posted by Mini Madoff at 2010-11-05 16:49
Did John Briner make a deal for ratting out Jean-Francios Amyot and other crooks running the Vancouver/Montreal crime spree that dumped billions of counterfeit shares from over 50 illegally hijacked public companies? What about the dented head mongoloid freak?
Posted by Dianne D at 2010-11-05 17:22
Here are the people involved in PGYC:
jdbriner@gmail.com John Briner
nnewsom@telus.net Norman Newsom
aston117@gmail.com
tonypapa@bell.blackberry.net Tony Papa
jfamyot@hilbroyadvisory.com Jean Francois Amyot
daniel.mastantuono@gmail.com Daniel Mastantuono
ken10n1957@aol.com
firstsummitcapital@yahoo.ca Daniel Ryan
Are these good guys?
Posted by tectane at 2010-11-05 17:33
WOW, less charges for others which received far more harsh penalties, who is on his side?
Posted by Bewildered at 2010-11-05 17:37
The five-year ban applies to both penny stock offerings and to roles as an officer or director of a public company. .
So what? $92500 fine. how many times has this fellows name appeared on the SEC list. Isn't there supposed to be some kind of penalty. So he is still a practising lawyer and life goes on. Good for him!!!!!
Posted by happyone at 2010-11-07 02:00
Why did Canada extradite the king of pot to face criminal charges and jail in the US?
The US had no jurisdiction over the man but Canada's authorities rolled over and delivered.
Afghanistan's drug trade is the CIA's main source of funding. Canadian soldiers are dying there to protect the drug trading interests of the CIA.
So sad.
Posted by ciaisdruglord at 2010-11-09 18:11
Why did Phillip Offill get 8 years in jail and John Briner only a slap on the wrist? John Briner is one of the worst securities violator to ever work out of Vancouver!
Posted by SEC fines and bans Briner at 2010-11-11 17:49
Briner sold $52,488 worth of shares at $3.70 a shares which works to about 14,000 shares. This represents a very small fraction of the 35 million shares issued and outstanding.
I imagine the SEC is going after the the person(s) who actually sold millions of shares? Jay Budd must be feeling pretty nervous...
Posted by Rosie at 2010-11-18 14:00
Comments for this item are closed