Investor's Watchdog.com: Stock, finance and investment protection for investors

The U.S. Securities and Exchange Commission has filed charges against Paul M. Gozzo and his company, PMG Capital, LLC, alleging that they manipulated the market in several micro-cap stocks.  Specifically: (more…)

The U.S. Securities and Exchange Commission (”SEC”) has charged George Georgiou of Ontario, Canada with reaping over $17 million by manipulating the market for four microcap stocks - Avicena Group, Inc., Neutron Enterprises, Inc., Hydrogen Hybrid Technologies, Inc., and Northern Ethanol, Inc.  According to the SEC’s complaint, Georgiou had a controlling interest in each of the companies and exercised a controlling influence over the management of the companies.  The Commission also alleges that Georgiou had many off-shore nominees - called “rat holes” in the industry - who took his direction for when to buy and sell and in what amount.  The SEC claims that Georgiou created interest in the stocks through the use of trading in the nominee accounts, giving the false impression that their was great interest in the companies, coupled with the issuance of false press releases regarding supposed material positive events at the companies.  (more…)

The Securities and Exchange Commission (SEC) filed a civil injunctive action against Excellency Investment Realty Trust, Inc and its CEO, David D. Mladen in connection with an alleged market manipulation scheme. (more…)