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The U.S. Securities and Exchange Commission (SEC) has filed a civil injunctive action against Michael J. Park, doing business as Park Capital Management Group (PCMG). According to the SEC, the defendants engaged in fraud by convincing investors to open accounts with PCMG, promising them substantial returns through publicly traded securities and trade pools that PCMG managed. (more…)
Your stockbroker probably drives an expensive foreign car. If you live near a lake or the ocean, he has at least one boat. If there is a swanky neighborhood in your town, that’s where he lives. So, when he tells you that he has an outside thriving business that he can let you invest in, why not jump in, especially if he says the investment is ultra-safe and that he’ll guarantee your investment? He’s the picture of success. Why not hook your wagon to that star? Because it’s a dying star. (more…)
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