Calissio Resources Group Inc (CRGP)

[meikodog]

Yesterday the SEC charged Alpine Securities Corporation with multiple violations

https://www.sec.gov/litigation/complaints/2017/comp-pr2017-112.pdf


Alpine CEO Christopher Frankel filed a declaration in the CRGP case on October 30, 2015 detailing how only one of Alpine's customers traded in CRGP stock, namely MacAllan, who deposited 5.6 million and 85.5 million shares into its account and then subsequently sold all those shares prior to the dividend date. Alpine was debited $940,500 by the DTC and was never able to recoup those funds via DTC or CRGP.

http://sidedraught.com/stocks/CRGP/Calissio%20Being%20Sued/44-9.pdf

From Frankel's declaration: "As part of its business operations, Alpine clears securities for correspondent
broker-dealers whose customers trade in securities, including over-the-counter securities.
Among Alpine’s customers is MacAllan Partners LLC (“MacAllan”), a Delaware limited
liability company with principal offices in White Plains, New York. MacAllan specializes in
providing financing to micro-cap issuers such as Calissio Resources Group, Inc. (“CRGP”).
MacAllan is Alpine’s only customer that traded shares of CRGP."

Has anyone heard anything about MacAllan since October 2015? You would think a financing outfit would have done a few more deals since, or at least raised a ruckus about the CRGP incident. At least Nobilis tried to get money back by filing arbitration against COR with FINRA.