SEC suspends 379 prospective pump-and-dumps
2012-05-15 14:59 ET - Street Wire
Also Street Wire (U-*SEC) U.S. Securities and Exchange Commission
Also Street Wire (U-SBNS) Shallbetter Industries Inc
Also Street Wire (U-SMMT) Stratcomm Media Inc
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about f'n time.
nsrs. follow the money you fools. 600mm shares out, traded one day 120mm shares at 1.50. 2 months later? 5 CENTS. how friggin' hard would it be to catch this shit when its happening?
GWBU is today's scam of the day. seriously, if I can find 'em why can't the regulators. It just gives the whole industry a bad name.
Posted by optim at 2012-05-15 15:06
It is significant that it is almost always an OTC.BB company that is pulling the scams and while they always try to make a connection to BC...where the company is listed and thus regulated is much more important than the "new home of the scammer" The SEC is guilty of allowing scams to grow and then coming down hard on punishment and this is the first proactive step, I have seen them take ever.
Posted by shoes at 2012-05-16 10:30
can't disagree with that. they make their living off the ridiculous fines etc. NEVER once has ONE PENNY been repatriated to the people who lost the money.
Posted by optim at 2012-05-16 15:23
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