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by Mike Caswell
The U.S. Securities and Exchange Commission has won a permanent ban and $40,659 in financial penalties for Glen Landry, the geologist charged for aiding the 2013 manipulation of Norstra Energy Inc. (All figures are in U.S. dollars.) The sanctions are contained in a final judgment entered on Tuesday, April 19, in New York. Mr. Landry agreed to the sanctions without admitting any wrongdoing.
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FAIRFIELD SUN TIMES |
Glen Landry |
The SEC claimed that Mr. Landry, 65, was the president of Norstra, a purported Texas oil explorer with B.C. connections. In 2013 he and another man, newsletter writer Eric Dany, boosted the stock to $2.06 from 35 cents. The men falsely claimed that the company had access to millions of barrels of oil, the SEC said.
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