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Tuesday, July 05, 2016 12:12:00 PM
Florida Securities Investigation of MJTV (aka BullsnBears) could turn into a referral to the SEC, and may already be in process. This effects PZOO
b/c Farinella is involved in both. BullsnBears raised over $1M over 15 months. There are a number of Private Placements that lost money in questionable circumstances.
http://securitiesfraudwatcher.blogspot.com/2016/07/blockbuster-email-shows-james-farinella.html
On September 1, 2015, the Company received notice of an Administrative Complaint filed by the State of Florida Office of Financial Regulation (OFR) concerning certain private placement
investments received by the Company during the period from 2011 to 2013 and the applicability of the registration exemption provisions of the Florida Statutes to said investments. The Company vigorously disputes the legal basis for this Administrative Complaint and is presently conducting mitigating discussions with the OFR.
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