The Good Samaritans

[VeronicaFox]

Video shows 'Good Samaritan' helping NYPD take down armed suspect.

Wow, that’s what I call an impressive body block!

”Thanks to our law enforcement partners and the heroic efforts of a Good Samaritan, the defendant was apprehended before he could hurt anyone….”

https://www.foxnews.com/us/video-shows-good-samaritan-helping-nypd-take-down-armed-suspect

[VeronicaFox]

SEC Finalizes Rules to Reduce Risks in Clearance and Settlement

Final rules will shorten process for settling securities transactions from two business days to one

FOR IMMEDIATE RELEASE
2023-29
Washington D.C., Feb. 15, 2023 —
The Securities and Exchange Commission today adopted rule changes to shorten the standard settlement cycle for most broker-dealer transactions in securities from two business days after the trade date (T+2) to one (T+1). The final rule is designed to benefit investors and reduce the credit, market, and liquidity risks in securities transactions faced by market participants.

“I support this rulemaking because it will reduce latency, lower risk, and promote efficiency as well as greater liquidity in the markets,” said SEC Chair Gary Gensler. “Today’s adoption addresses one of the four areas the staff recommended the Commission address in response to the meme stock events of 2021. Taken together, these amendments will make our market plumbing more resilient, timely, orderly, and efficient.”

In addition to shortening the standard settlement cycle, the final rules will improve the processing of institutional trades. Specifically, the final rules will require a broker-dealer to either enter into written agreements or establish, maintain, and enforce written policies and procedures reasonably designed to ensure the completion of allocations, confirmations, and affirmations as soon as technologically practicable and no later than the end of trade date. The final rules also require registered investment advisers to make and keep records of the allocations, confirmations, and affirmations for certain securities transactions.

Further, the final rules add a new requirement to facilitate straight-through processing, which applies to certain types of clearing agencies that provide central matching services. The final rules will require central matching service providers to establish, implement, maintain, and enforce new policies and procedures reasonably designed to facilitate straight-through processing and require them to submit an annual report to the Commission that describes and quantifies progress with respect to straight-through processing.

The adopting release is published on SEC.gov and will be published in the Federal Register. The final rules will become effective 60 days after publication in the Federal Register. The compliance date for the final rules is May 28, 2024.

https://www.sec.gov/news/press-release/2023-29

[VeronicaFox]

That’s hilarious, people can be so silly when they want to ignore facts. Evidently a Fairytale is so much more rewarding. smh

[bar1080]

What I love about that SEC paper is IHUB doesn't delete it when I plaster it on scammy stock boards. It's about as close to the SEC telling investors to shun OTC stocks as the SEC can come. Another way for them to say: "II You Buy this OTC Crap... Don't Blame Us."

Yes, it's a wonderful scam busting tool. Too bad it's buried deep in www.sec.gov. It's a good retort to those who say an "unlisted stock must be legit because the SEC allows it to trade."

[VeronicaFox]

Did anything further happen with the Hindenburg Research sting?

I’ve not been very good at keeping up lately but I want you to know that the SEC WHITE PAPER on the outcome of OTC “investing” is still the best OTC research I’ve read in years. Unfortunately I see stock pumps on Twitter full of ridiculous promotional junk.

Here’s the link you shared:
https://www.sec.gov/dera/staff-papers/white-papers/White_OutcomesOTCinvesting.pdf

Happy New Year!

[bar1080]

Most interesting part is the Hindenburg Research sting which unearthed this Ponzi story fairly early on. Basically, Citizen Law Enforcement driven by the SEC whistleblower program which can award millions in some cases.

Hindenburg is generally a stock shorter. But this wasn't a publicly owned stock. So their only compensation will be the whistleblower money which may take years to collect.

I'll keep you posted.

[VeronicaFox]

Yes, I read he’s recovering. He also seems majorly depressed.

He was shot when he threatened to shoot the officer. Bet he felt silly, and in major pain. Ouch!

At any rate, I’ll follow, or if you read anything, I’d love if you’d pass it along.

[bar1080]

First things first. His immediate problem is not dying from two gunshots fired into him point blank by the FBI.

The saga's almost sure to be American Greed material in a year or two.

[VeronicaFox]

Thank you! That’s a freaky incident, what happens in Vegas stays in Vegas….

Did they ever decide if he was actually running a Ponzi Scheme?

[DJ Ponder]

This person restored faith in humanity.

A New York City good Samaritan proved that chivalry isn’t dead after she discovered a wallet containing thousands of dollars in Times Square — and got it back to its rightful owner.

The noble deed occurred Wednesday morning while Honduras native Eduardo Martinez was walking through the tourist-inundated area to get to work, NBC New York reported. During his commute, the man reportedly dropped his wallet, which contained $4,000 cash along with standard wallet items, near Broadway and 49th Street.

Upon realizing what had transpired, the panicked man returned to the crowded area, whereupon he was approached by two police officers. They explained that they’d been given a wallet by an unnamed woman who had been commuting to work at the same time as Martinez.

After verifying his identification, the cops reunited the relieved fellow with his money pouch, which, incredibly, still had all the contents inside, including the four grand.

Martinez said in Spanish that he’s grateful to the cops and the woman who returned it to him, adding that their act of kindness proves that there are still honest people in the world.








.

[bar1080]

Veronica. Ever heard of a Ponzi scammer/lawyer being_shot (twice) by the authorities? Skim some of the posts yesterday on the DD board. The lawyer is Matthew Beasley of Vegas who is recovering (???) from FBI bullets in his shoulder and chest!

This scam was brought down by shorter company Hindenburg Research, who will probably walk away with a much deserved million dollar SEC Whistleblower reward.

When you get an hour or so wade thru Hindenburg's full report on J&J purchasing. Simply brilliant stuff.

https://hindenburgresearch.com/jj-purchasing/

Link to the DD board:
https://investorshub.advfn.com/Dd-Support-Board-And-Research-Team-19670

[VeronicaFox]

lol!! That’s hilarious, I applaud her for being so clever! Unfortunately there are a lot of scammers out there, but no one will be able to take advantage of her - she thinks fast on her feet. It’s a shame that they try, evidently due to her age.

Someone called me to ask for a donation, claiming to be from the Sheriff’s office. I called the Sheriff’s department, he said they never solicit for donations and to never give out personal information (which goes without saying), but good advice nonetheless.

[bar1080]

"73-year-old grandmother outsmarted scammers who pretended to be her grandson and said he needed $8,000 to be bailed out of jail"

Ever got one of these calls? I have. Lotsa fun to play with.

https://news.yahoo.com/73-old-york-grandmother-outsmarted-201133711.html

[VeronicaFox]

That’s accurate, CACH is not attracting anyone. My wish is it’ll be (#1) suspended or (#2) go to gray sheets. I’ll be pleased to see many of the dark pump-n-dumps waste slowly away.

[bar1080]

I've long followed the defunct Cache Inc because I remember its shops when they were in operation many years ago. It wasn't much of a business even at its brief peak.

Surely there are more interesting long shot stories and scams. I wouldn't waste my time posting there. CACH with 71 board followers isn't attracting many suckers.

[VeronicaFox]

Thank you, I used it on some of the boards I post on. It elicited this response regarding Rule 15c2-11, which of course makes no sense:

CACH DD=Debunking the BULLSHIT!!
# No one is falling for the "SEC STORY"
LMAO
If that was the case we would have volume.
Most scared retail has left the building.
Still well over 3 million shares of CACH
Are in NSS!!
That will be covered as the naked ones
Don't want to have to pay A DOLLAR A SHARE FOR THEM.
Stay Thi Sty,

You've probably seen this, but here's the latest TDA list covering about 1900 caveat emptor and similar OTC stocks. It's dated Sept 7, 2021.

https://www.tdameritrade.com/retail-en_us/resources/pdf/TDA101550.pdf

[bar1080]

You've probably seen this, but here's the latest TDA list covering about 1900 caveat emptor and similar OTC stocks. It's dated Sept 7, 2021.

https://www.tdameritrade.com/retail-en_us/resources/pdf/TDA101550.pdf

[VeronicaFox]

lol!! Thank you and I echo your sentiment, I cannot wait until the 28th!

I tested my own brokers to see if they'd accept an online order for a No-Info OTC and I was presented with a phone number to call. That's as close as I've ever come to buying a penny stock. LOLOL.

Can't wait until the 28th.

[DJ Ponder]

Same here.

Can't wait until the 28th.

[bar1080]

Here's an IHUB board created for finding rare brokers who might handle trading in such stocks after the 28th. Posters aren't having much luck, which is wonderful.
https://investorshub.advfn.com/Brokers-that-allow-Caveat-Emptor-OTC-stocks-39217/

I tested my own brokers to see if they'd accept an online order for a No-Info OTC and I was presented with a phone number to call. That's as close as I've ever come to buying a penny stock. LOLOL.

Can't wait until the 28th.

[VeronicaFox]

My gosh, yes. Some of the boards are down to a trickle of posts since Etrade, TD Ameritrade, etc. will only accept orders to liquidate positions.

I’m also seeing denial of the September 28th regulatory enforcement date, claiming it’ll never happen. Like if you deny it, it’ll all go away.

One of the boards I follow was an SEC registrant, but the Nasdaq filed a delisting determination, and now they trade on the OTC with literally no one running the company. The transfer agent says they filed Chapter XI Bankruptcy in 2015, and their services as TA were discontinued since 02/24/2015. Yet it continues to trade thinly while there are constant claims of millions of naked shorted shares, counterfeit shares, phantom shares, shares are locked up, or any other of the nonsensical names given to stock trading on the OTC.

I cannot wait for the SEC to stop the insanity.

[bar1080]

Hi Veronica. Are you seeing falling traffic on IHUB boards for CE/No-Info type pennies as Sept 28th approaches?

[VeronicaFox]

This is a Good Samaritan:

Hair-raising footage released Monday shows the moment an Indian railroad employee rushed to save the life of a child who had fallen onto the tracks. The CCTV video, posted to Twitter by India's Ministry of Railways, showed a station worker at Vangani Station in Mumbai sprinting to rescue a child as an oncoming train sped towards them.

https://www.cnn.com/2021/04/19/asia/india-railway-child-saved-scli-intl/index.html

[VeronicaFox]

A great day, hope everyone is doing well.

[VeronicaFox]

No worries, skip!

[skipcam]

Seems like scammers last chance. Thank you for the information!

[DJ Ponder]

Sadly , the fraudulent trend will only get worse near term . IMO

[DJ Ponder]

So many low life otc sleazeballs , so few deterrents.

[DJ Ponder]

Snitch too?
He just put frosting on his updated resume!

[VeronicaFox]

It’s in the final rule, long but informative. I’ll enclose the short & long version:

https://www.sec.gov/news/press-release/2020-212

https://www.sec.gov/rules/final/2020/33-10842.pdf

[littlejohn]

Do you know when the grace period ends

on new otc rules for

MMs to comply?...


If you read the whole pdf

of 188 or 311 pages or ever

how many there were, you

might know...way too many...


And could better judge how

long otc trading volume

increasing could last...


More of a review than

a promotion...


So we watch...LJ


hint, get about 2/3rds thru

long pdf and find one small

paragraph on grace period...

[VeronicaFox]

Sorry, I’m not into promoting OTC scams, it’s just not my thing.

I don’t believe the Gov't wants to take anything away, they’re merely enforcing the rules, including 15c2-11.

[littlejohn]

Wild, wild, west, OTC only has until September

for old cowboys to push

the herd around the range...


Then the Gov't wants to

fence it in and take away

all the Free Grazing...


Make hay when sun shines...


So we watch...LJ

[VeronicaFox]

It’s an OTC bubble for lack of a better phrase - a giant P&D of dark /defunct / Shell companies. It will burst imo, the SEC’s Final rule 15c2-11 says they must have current information.

[skipcam]

Why are these sub penny stocks moving up these past 3 months?

[VeronicaFox]

I just tried to access OTCMarkets.com, but I’ve been receiving this maintenance page for the last hour. It states the site will be under maintenance until AUGUST 11?? lol, that’s a bit long, no? I just checked and the last time August 11th was on a Sunday was 2019. smh

Edit: The site is back, maybe not better than ever, but at least it’s operating.

[VeronicaFox]

A Texas woman caught Terry Bradshaw on video helping a stranger in the rain.

The NFL legend yelled "Touchdown!" after the car started.

https://www.today.com/popculture/terry-bradshaw-helps-out-stranger-uplifting-viral-video-t196845

[VeronicaFox]

It appears Giguiere May have added to his list of dirty deeds: securities fraud, manipulative trading, criminal forfeiture, and Snitch.

[DJ Ponder]

Bust filthy mouthed insider sleazeball j jack gordon.
Lock scumbag gannon up.

[VeronicaFox]

No worries! I was just reading about the antics of Gannon Giguiere, Conman extraordinaire! As the charges grow, it appears he’s turned into “the cooperating individual”. He was already charged with securities fraud, manipulative trading, and criminal forfeiture. Perhaps he worked out a deal to cooperate....of course his partners in crime would be busted in order to allow Giguiere some concessions.

Too bad since the SEC says he gained $10M off the scams. The good part is his Ferrari was seized by the government and his $6-$7M beach house was sold.

He’s currently awaiting sentencing.

[DJ Ponder]

Very good information regarding what low life dirtbags play ignorant to...

Second, the complaint alleges that in 2016, Sripetch, and Knight engaged in manipulative trading by executing matched trades and wash orders to create a fictitious, attractive price and volume trading history to prime the market in advance of a promotional campaign for a microcap stock.

Thanks for sharing!

[VeronicaFox]

SEC Obtains Emergency Asset Freeze, Charges Ring of Microcap Stock Manipulators Targeting Retail Investors

FOR IMMEDIATE RELEASE
2020-218
Washington D.C., Sept. 23, 2020 —
The Securities and Exchange Commission today announced that it has obtained an asset freeze and other emergency relief to halt a series of microcap market manipulation schemes that defrauded retail investors.

According to the SEC’s complaint, from 2013 to 2019, the defendants engaged in various schemes to manipulate microcap stocks and defraud retail investors, obtaining a total of over $6 million in illicit profits.

First, as alleged in the complaint, from at least 2013 to 2017, defendants Ongkaruck Sripetch, Amanda Flores, and Brehnen Knight with assistance on certain occasions from attorney Ashmit Patel orchestrated numerous fraudulent “scalping” schemes. According to the complaint, they purchased stock in over-the-counter issuers through various entities that they controlled, funded promotional campaigns recommending that investors buy those stocks, and then sold the stocks when their price and trading volume were inflated by those same unlawful promotional campaigns. The complaint also alleges that, from 2013 to 2016, Sripetch and Flores along with Dominic Williams and several entities controlled by Sripetch sold over 24 million shares of a microcap issuer they controlled and promoted. According to the complaint, these sales were not registered with the Commission or exempt from registration.

Second, the complaint alleges that in 2016, Sripetch, and Knight engaged in manipulative trading by executing matched trades and wash orders to create a fictitious, attractive price and volume trading history to prime the market in advance of a promotional campaign for a microcap stock.

Third, the complaint alleges that in 2018 and 2019, Sripetch and Knight along with Michael Wexler and Andrew McAlpine, planned and implemented pump-and-dump manipulations of the stock of a microcap issuer controlled by Wexler. According to the complaint, Sripetch and McAlpine were able to sell approximately 340,000 shares before the SEC suspended trading.

“As we alleged in the complaint, the defendants created a sophisticated network that enabled them to engage in multiple fraudulent schemes, making millions of dollars in unlawful profits at the expense of retail investors,” said Richard Best, Regional Director of the SEC’s New York Regional Office. “Among other things, the emergency relief we obtained will prevent defendants from doing further damage to these investors, and require them to provide an accounting.”

The SEC alleges that Flores, Knight, Sripetch, McAlpine, Wexler, and their companies, Adtron Inc., ATG Inc., DOIT Ltd., Doji Capital Inc., King Mutual Solutions Inc., Optimus Prime Financial Inc., Orca Bridge, Redline International, and UAIM Corporation violated the antifraud provisions of the federal securities laws and that Patel aided and abetted certain of those violations. The SEC also alleges that Knight and Sripetch violated the anti-manipulation provisions of the federal securities laws and that Sripetch, Flores, Williams, DOIT, Doji, Optimus, Redline, and UAIM violated the registration provisions of the federal securities laws. The SEC seeks permanent injunctions, disgorgement plus prejudgment interest, civil penalties, and penny stock bars against the individual defendants as well as officer-and-director bars against Knight and Flores.

The Honorable Marilyn L. Huff of the U.S. District Court for the Southern District of California granted the SEC's request for a temporary restraining order and other emergency relief against defendants Sripetch, Flores, Knight and Patel as well as an asset freeze against Sripetch, Knight and Patel. Judge Huff scheduled a hearing for Oct. 5, 2020.

The U.S. Attorney’s Office for the Southern District of California yesterday announced criminal charges against Sripetch, Wexler, Patel and McAlpine in a parallel criminal case.

The SEC’s investigation was conducted by Kristine M. Zaleskas, and Michael Paley in the New York Regional Office. The litigation will be led by Christopher J. Dunnigan and Ms. Zaleskas. The case is being supervised by Lara S. Mehraban.

The SEC appreciates the assistance of the U.S. Attorney’s Office for the Southern District of California, the Federal Bureau of Investigation, the Financial Industry Regulatory Authority, and the Alberta Securities Commission.

[getmoreshares]

Thank You

[VeronicaFox]

Thanks for the heads up!

I’ve become aware of these serial P&Ds. We should add EVTI and TPAC to the list. Both of those are SEC Registrants that are severely delinquent In their filings - TPAC 2017, EVTI 2015. In addition, the EVTI CEO was charged with Fraud.

I’ve filed a complaint with the SEC, Unfortunately that sometimes takes months/years to get an investigation going.

[getmoreshares]

there is a small group with many followers pumping DELINQUENT Positions and luring newbie into their PUMPS.
Recent pumps:

CBPI last filing 2013

AGHI 2019

MIHL 2014

CGLD 2018

VRED 2018

BNCM 2002

SVMN-- no filings

Its obvious who-- not going to point them out-- specifically two of them-- One on twitter.