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by Mike Caswell

The U.S. Securities and Exchange Commission has reached a $300,000 settlement with the principals of Wall Street Capital Funding LLC, a Florida touting firm that aided several questionable promotions. (All figures are in U.S. dollars.) The stocks named in the case included three with links to former Vancouver promoter William Scott Marshall. In proposed judgments filed in Miami on Thursday, Oct. 6, the firm and its principals agreed to the fines and to orders barring them from promoting stocks with market caps under $50-million.

The SEC claimed that Wall Street Capital regularly issued overly optimistic stock opinions for many companies, even when it knew the underlying promotions were dubious. In one case, it supported a "pure scam," the regulator said. The stocks that it promoted included PrimeGen Energy Corp. and Fidelis Energy Inc., which had Mr. Marshall as an officer in 2007. Another, Supatcha Resources Inc., listed him as a director in December, 2010. The SEC did not name Mr. Marshall in the case and it did not accuse him of any wrongdoing.

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