Health Sciences Group Inc (HESG): It just keeps getting sleazier for the H...

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VeronicaFox

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Friday, 06/23/2017 1:06:08 PM

Friday, June 23, 2017 1:06:08 PM

It just keeps getting sleazier for the HESG scam ...

HESG's last opinion letter was written by attorney Joseph L. Pittera in 2012. The same Pittera who the SEC recently filed a complaint against, charging Pittera with issuing baseless and incorrect attorney opinion letters in violation of Sections 5(a) and 5(c) of the Securities Act of 1933.

https://www.sec.gov/litigation/admin/2017/34-80063.pdf

We discover that the SEC hits HESG's opinion letter attorney, Joseph L. Pittera, for registration violations as a TRADER. He traded shares in a penny stock without registering them, based fully on faulty opinion letters that the attorney, Pittera, himself wrote opining they were free trading. In fact these shares required a six month holding period although Pittera sold them immediately.

https://www.law360.com/articles/750675/sec-hits-penny-stock-trader-for-registration-violations