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Re: LongnShortOfIt post# 38620

Saturday, 07/12/2014 7:59:14 PM

Saturday, July 12, 2014 7:59:14 PM

Post# of 39209
I have stated for years the SEC will hold the scammers responsible.

But the federal investigators are not without options. Sean Casey, a Partner at the Kobre & Kim law firm who formerly served as an SEC enforcement lawyer and a federal prosecutor, said that the accounts of those suspected of manipulating CYNK for profit will most likely be discovered by investigators.

"The SEC enforcement has effective investigative methods to cut through and learn, first, the firms trading the stock, and then the identity of the account holders," Casey said. "With these enforcement and investigative methods—plus the ability to obtain an emergency asset freeze—the SEC makes it difficult to avoid detection or profit from such conduct.


"Sunlight is the Best Disinfectant" -US Supreme Court Justice Louis Brandeis

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