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Rich Member Level  Monday, 05/14/12 11:43:57 PM
Re: Nebuchadnezzar post# 92114
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SEC Microcap Fraud-Fighting Initiative Expels 379 Dormant Shell Companies to Protect Investors From Potential Scams

Massive Trading Suspension Is Largest in Agency History

FOR IMMEDIATE RELEASE

Washington, D.C., May 14, 2012 — The Securities and Exchange Commission today suspended trading in the securities of 379 dormant companies before they could be hijacked by fraudsters and used to harm investors through reverse mergers or pump-and-dump schemes. The trading suspension marks the most companies ever suspended in a single day by the agency as it ramps up its crackdown against fraud involving microcap shell companies that are dormant and delinquent in their public disclosures.

http://www.sec.gov/news/press/2012/2012-91.htm

HESG has already been hijacked. At least the SEC stopped shit like this from happening again.

As I said before, ANY of us could've done the same thing Gaffney did. Until now, imo.

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