American Green Inc (ERBB)

[jt6455]

The Pinksheets pot is being stirred:
"FINRA has also issued its Notice to Members 09-05 addressing these obligations and providing guidance.

The Notice lists examples of red flags that brokers should consider, including: a customer opens a new account and delivers physical certificates representing a large block of thinly traded or low-priced securities;

a customer has a pattern of depositing physical share certificates, immediately selling the shares and then wiring out the proceeds of the resale;

a customer deposits share certificates that are recently issued or represent a large percentage of the float for the security; share certificates reference a company or customer name that has been changed or that does not match the name on the account;

the lack of a restrictive legend on deposited shares seems inconsistent with the date the customer acquired the securities or the nature of the transaction in which the securities were acquired;

there is a sudden spike in investor demand for, coupled with a rising price in, a thinly traded or low-priced security; the company was a shell company when it issued the shares;

a customer with limited or no other assets under management at the firm receives an electronic transfer or journal transactions of large amounts of low-priced, unlisted securities;

the issuer has been through several recent name changes, business combinations or recapitalizations, or the company’s officers are also officers of numerous similar companies; and the issuer’s SEC filings are not current, are incomplete, or are nonexistent.

http://securities-law-blog.com/2014/10/14/depositing-penny-stocks-with-brokers-creates-obstacles-sec-charges-etrade-with-section-5-violation-1/