Tag: SEC Office of Market Intelligence

BULLETIN: SEC Suspends Trading In 379 Penny Stocks; Initiative Dubbed ‘Operation Shell-Expel’ Leads To Unprecedented Number Of Shutdowns

BULLETIN: In an unprecedented move, the SEC today announced that it had suspended trading in 379 penny stocks, saying the companies were delinquent in filings and ripe for hijacking and scams involving reverse mergers and pump-and-dump schemes. “The trading suspension marks the most companies ever suspended in a single day by the agency as it…

May 14, 2012
BULLETIN: SEC Says British Twin Brothers Started ‘Pump And Dump’ Fraud As Teens And Pushed Fake ‘Stock-Picking Robot’; Combined Scams Allegedly Generated Millions

BULLETIN: The SEC has gone to federal court in New York, alleging that 20-year-old British twin brothers Thomas Edward Hunter and Alexander John Hunter started an elaborate online fraud scheme when they were 16 and netted millions of dollars. At least three Hunter websites were involved in the fraud, according to the SEC: DoublingStocks.com, DayTradingRobot.com…

Apr 20, 2012

BULLETIN: SEC Suspends Trading In 379 Penny Stocks; Initiative Dubbed ‘Operation Shell-Expel’ Leads To Unprecedented Number Of Shutdowns