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by Mike Caswell

Geoffrey Eiten, the Boston-area stock tout facing a civil suit for overstating the prospects of junior companies in his OTC Special Situations Report, denies that he did anything wrong. The U.S. Securities and Exchange Commission claims that he issued overly optimistic reports touting four stocks, including Vancouver-based Nexaira Wireless Corp. According to the regulator, he made projections that had no basis in reality, among them a claim that Nexaira had developed the "fastest router in the world."

Mr. Eiten, 61, filed a brief answer to the charges on Tuesday, Feb. 28, in which he flatly denies any wrongdoing. The self-filed document provides no details of his denials (in response to most of the complaint's 55 paragraphs it simply states "Deny"). He filed the answer on behalf of himself and a private company he controls called National Financial Communications Corp., which is also a defendant. The only specific information contained in the answer is a demand that he face a trial by jury.

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