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Something to read.
nodummy Member Profile nodummy Member Level
Tuesday, December 25, 2012 10:11:39 AM
Re: None
Post # of 37043
FINRA Complaint against Delaney Equity Group LLC and David C Delaney
The very detailed Complaint basically explains how David C Delaney knowing helped Big Apple Consulting illegal dump billions of shares into the open market.
http://disciplinaryactions.finra.org/viewDocument.aspx?DocNb=32755
During the period from December 2008 through July 2010, Delaney Equity Group, LLC (DEG), acting through David Delaney (Delaney), its President, Chief Compliance Officer (CCO) and Anti-Money Laundering Compliance Officer (AMLCO), allowed customer B.A. [Big Apple] and its numerous affiliated accounts to sell almost a billion newly issued, unregistered equity shares of five issuers: Connectyx (CTYX), ProPalms USA, Inc. (PRPM), Shot Spirits (SSPT), Solos Endoscopy (SNDY) and Green Bridge (GRBG). As a result, DEG and Delaney participated in the distribution of almost a billion shares of unregistered and non-exempt securities, in contravention of Section 5 of the Securities Act of 1933 (Securities Act), and in violation of FINRA Rule 2010.
Moreover, DEG, acting through Delaney, failed to establish, maintain and enforce a supervisory system, including written supervisory procedures (WSPs), reasonably designed to ensure compliance with Section 5 of the Securities Act and the applicable rules and regulations with respect to the distribution of unregistered and non-exempt securities, in violation of NASD Conduct Rule 3010(a) and (b) and FINRA Rule 2010.
Additionally, DEG, acting through Delaney, failed to abide by the terms of its membership agreement by failing to enforce its WSPs for supervising individuals with prior disciplinary disclosures at a heightened level, in violation of NASD Membership and Registration Rule 1017, NASD Conduct Rules 3010(a), 3010(b), 2110 and FINRA Rule 2010.
Finally, DEG, acting through Delaney, failed to adequately implement anti-money laundering (AML) policies, procedures, and internal controls and enforce its AML compliance program (AMLCP) by failing to identify a customer who had a regulatory history, failed to detect highly suspicious activity, properly investigate the suspicious activity and report suspicious activity as required. This suspicious activity included, but was but not limited to, deposits of almost a billion shares of low-priced equity securities into multiple related accounts, the liquidation of those shares soon after they were deposited, and the wiring of the sales proceeds out to the accounts soon after their liquidation. Additionally, the suspicious activity included the deposit, journaling, sale and wiring of the sales proceeds involving low-priced biotech stocks in accounts related to or referred by a customer with a regulatory history. As a result of such conduct, DEG and Delaney violated NASD Conduct Rule 3011(a) and FINRA Rules 3310(a) and 2010.
The Complaint goes on for several pages getting into great detail about how David Delaney assisted in this illegal stock dilution scheme in such tickers as:
Artfest International, Inc. (ARTS)
Connectyx (CTYX)
ProPalms USA, Inc. (PRPM)
Shot Spirits (SSPT)
Solos Endoscopy (SNDY)
Green Bridge (GRBG)
The Complaint further goes on to giving great details about David Delaney's involvement in another illegal share selling scheme with two individuals by the initials A.P. and J.R. in such tickers as:
RX for Africa (RXAF)
Medasorb Technologies (MSBT)
Collexis Holdings (CLXS)
Stem Cell Innovations (SCLL)
Intellect Neurosciences, Inc. (ILNS)
http://disciplinaryactions.finra.org/viewDocument.aspx?DocNb=32755
GOLD...More like tinsel Cornelius.
Jan or Feb is my guess..Looks like the wind is already pushing hard.
Games not over until it hits .0001 .....Right Guy's...Keep averaging down....Right MAPPO...everyone should buy 20 or 30 Million more shares at these bottom basement prices..Starting tomorrow....Go KATX.
"LDK shall pay to JYT an amount of approximately RMB 294 million as well as approximately an additional amount of RMB 3.4 million to cover arbitral fees accrued as a result of this proceeding."
Arbitration news just in
I was wrong About KATX.....I thought it would be .0001 by now with a reverse split happening at the first of the year...Now it looks like it might take a little longer..Sorry
We Good..Uh Huh...Triple Zero..Uh Huh..We Good....KATX'sss.....Like the Chant? Its the New Triple Zero KATX scam Chant...
Written by Ice Cooky...Wardrobe by Loyd's of London...special consideration to Maxine in make-up & busing table #8 after her smoke break.
I am in agreement with you...Just starting.
With a break above the Keltner channel yesterday PNSN could see more upward pressure in the coming days/weeks
I'll take a look and let you know what I see.
DD, I Tried to explain that to these Folks but its hard for them to understand whats going on until they look In their Wallet..Oh Well always research your CEO's
Take Care.
Cooky
CJ, Take a look At PNSN...It has been shorted for months and it's now time to cover.
Last guys to cover are not going to like it.
I've watched this for months and it was shorted hard, Its not going to be to hard for a short squeeze to ramp this up..JMO
Your watching Dilution...Period
Scam!
Check on your CEO you just might be surprised at the carnage he's left in his wake..
Its Dilution PP...Its right in front of you...Wake Up!
Aggressive buyback? Its called Dilution Buddy...And the CEO has a track record for diluting into the 10's of billions of shares with a reverse split to top it off.....PRPM is a scam
Is Eddie Vasker running this POS ?
PNSN trying to break above the 50...If it does the Squeeze will be on.
I like a short squeeze and PNSN is shaping up for a nice one.
PNSN, This is one I have been watching for a while and it could see a Short Squeeze If this breaks above the 50
Keeping an Eye on PNSN here it looks like it could bust loose right at the 50 and a short squeeze will be on.
Thanks Cb,I pulled the plug on my position on S Monday.....I will wait for a correction to reenter..
Best of luck
Cooky
PNSN chart looking good.
PNSN chart is looking promising.
WNYN, In @ .016 out @ .031 and it still has potential for another bounce off the 50 @ .026...but I'll not be playing it I have another that is starting to look promising Good luck to all.
Cooky
WNYN ?...chirp chirp chirp...sigh!
"Klaatu barada nikto" Gort help with eeland's translation of KATX language....beep...buzz..dorp..does not compute...must be stinky pinky...
So any day now is ruled out, Right?
S-1 Approval was due when again?
Anybody watching WNYN ?
I'll Visit ye Cap'n...and may god bless the OWVI
Just think what a tasty morsel He would be....And he comes with a tooth pick.
I'll say Tim has been exploring new ways to inject new life into this scam...All pinky CEO's try to find a new angle to suck more from the shareholder's..By bet is KATX will be producing a new line of Perfume next year...."Stinky Kitty"
Me see's the parrot has put on a few extra feathers, Ye no..Me justs hap'n to have this great Parrot soup recipe the Cap'n would like....Shall I go below and Coo...I mean Relieve your Bird Sir?
Keep an eye on WNYN..might be good for a bounce.
Ahhh, I see OWVI is at the PPS it should be at.
Thanks Fast, It would be nice if the judge found him in contempt,,But we can only hope..
Cooky