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

San Diego lawyer Luis Carrillo has strongly protested a proposed $16.2-million disgorgement order that the U.S. Securities and Exchange Commission is seeking against him for aiding a boiler room scheme. (All figures are in U.S. dollars.) He says that he saw none of that money. The amount is attributable to a group of Canadians accused of running the operation, he contends.

The SEC is seeking the payment as part of a case in which it claims that Mr. Carrillo helped with the pump-and-dumps of a pair of pink sheets companies in 2010. Calgary's Benjamin Kirk and others boosted the companies with bogus claims about infomercials and solar power, the regulator says. The companies, Pacific Blue Energy Corp. and Tradeshow Marketing Ltd., went to well above $1 before falling to under a penny.

LUISCARRILLO.NET

Luis Carrillo

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS