SEC target Landry accepts ban, fine
2016-04-21 10:31 ET - Street Wire
Also Street Wire (U-*SEC) U S Securities and Exchange Commission
Also Street Wire (U-NORX) Norstra Energy Inc
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by Mike Caswell
The U.S. Securities and Exchange Commission has won a permanent ban and $40,659 in financial penalties for Glen Landry, the geologist charged for aiding the 2013 manipulation of Norstra Energy Inc. (All figures are in U.S. dollars.) The sanctions are contained in a final judgment entered on Tuesday, April 19, in New York. Mr. Landry agreed to the sanctions without admitting any wrongdoing.
Glen Landry
FAIRFIELD SUN TIMES
Glen Landry
The SEC claimed that Mr. Landry, 65, was the president of Norstra, a purported Texas oil explorer with B.C. connections. In 2013 he and another man, newsletter writer Eric Dany, boosted the stock to $2.06 from 35 cents. The men falsely claimed that the company had access to millions of barrels of oil, the SEC said.
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