SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : GMXX - GENEMAX CORP
ISON 0.00Jan 14 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: StockDung6/10/2010 8:24:35 AM
   of 977
 
ANTI-NAKED SHORT SELLING FOUNDER BRENT PIERCE SUED BY SEC FOR ALLEDED ILLEGAL TRADING. BRENT PIERCE OF GENEMAX FAME.

THE SITH LORD HAS HIS DAY!!

Please Note: This site has been established to bring members together and create a National voice for companies that fall victim to predatory trading and Naked Short Selling. Please register now to receive information by email on Naked Short Selling, news about the association and ways you can combat this illegal activity
nakedshortselling.com (NOW A PORN SITE)

------------------------------------------------------

Vancouver stock promoter faces $8-million suit in U.S. for illegal trading

By Staff reporter, The Province June 9, 2010

SAN FRANCISCO — Vancouver stock promoter Brent Pierce is being sued for $8 million by the U.S. Securities and Exchange Commission after alleged illegal trading through two offshore properties.

The SEC is seeking to recover the money that it claims Pierce collected through accounts in Newport Capital Corp. and Jenirob Company Ltd. The SEC claims Pierce secretly controlled and concealed the operations from regulators.

"The promoters behind lucrative stock schemes frequently operate behind a wall of secretive offshore entities," says Marc Fagel, regional director of the San Francisco SEC office.

In a press release, the SEC reports that Pierce was found in a previous action to have violated the federal securities laws in connection to the trading of stock from Lexington Resources Inc., a now defunct oil and gas company. At the time, Pierce was ordered to pay back from his personal account about $2 milllion in illegal trading profits.

The SEC alleges that in 2004, Pierce controlled Lexington and sold 1.6 million shares in the stock to the public through the Newport and Jenirob accounts for almost $8 million — while Pierce and his associates "conducted massive spam and newsletter campaigns outting Lexington stock."

A hearing will be scheduled to determine future actions.

© Copyright (c) The Province

Read more: theprovince.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext