Archive for the ‘Penny Stock’ Category

Here’s a New One

Wednesday, March 25th, 2009

We report on all manner of scams on this Blog, tracking the regulators good work at shutting down financial scams before they can claim more victims.  We report on insider trading cases, market manipulations, and all manner of Ponzi schemes.  Today we get to report on a fact pattern that we have not reported on before.  It arises from the SEC’s case against David “Scott” Cacchione, a former Managing Director at San Francisco-based brokerage firm Merriman Curhan Ford & Co. (”Merriman”).  According to the SEC’s complaint: (more…)

Posted in Investor Protection, Penny Stock, Investors at Risk, SEC, Scams, Securities Industry (general) | No Comments »

Picking on the Inexperienced

Tuesday, October 14th, 2008

Scamsters don’t have just one target audience for their schemes.  They are looking for anyone who might fall.  This time it was the elderly with little investment experience.

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Posted in Investor Protection, Unauthorized Trading, Florida, Penny Stock, PIPEs, Sales Practice Abuses, Senior Citizens, Securities Industry (general), Scams, SEC, Investors at Risk, Uncategorized | No Comments »

SEC Deflates Pump and Dump

Saturday, February 9th, 2008

The Securities & Exchange Commission (SEC) has charged Robert J. Pratt (Pratt) of Lyndon, Washington, and Jeffrey A. Brommer (Brommer) of Jamestown, North Carolina and Pratt’s company, Strategic Management & Opportunity Corporation (SMPP), with a pump and dump scheme using SMPP stock. (more…)

Posted in Penny Stock, Pump and Dump, Washington, Investor Protection, Investors at Risk, Securities Industry (general), Scams, SEC, Uncategorized | No Comments »