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by Mike Caswell
Robert Dunn, an Abbotsford man facing civil charges from the U.S. Securities and Exchange Commission for manipulating Forum National Investments Ltd., denies that he did anything wrong. The SEC claims that he and others set up a misleading on-line touting campaign that boosted the company to $1.90 in 2012. (All figures are in U.S. dollars.) During the scheme, Mr. Dunn and others unloaded over one million shares, according to the SEC.
Mr. Dunn's denials are contained in an answer he filed on April 24, 2015. The document contains few specifics. In response to most paragraphs of the SEC's complaint, Mr. Dunn simply issues a denial or says that he lacks sufficient knowledge to make any admission or denial. In what specifics he does provide, he says that he relied on others, and knows nothing about any misrepresentations to investors. He also says that no investors relied on the allegedly misleading promotional materials. He asks that the case be dismissed.
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