Ok, stockie101, why did you make the statement' no one has posted about Problem brokers if you never took the effort to check?
And again you also assume people here are not aware of problem brokers - in the business world all types fall into the area of problems - legally and illegal
The people (like you- imo) are trying to make an issue from the penny stock world about NSS - and no one has proven anything. The only thing that has been proven so far is basically every penny stock claming NNS has either shut down by the SEC for failure to file (little to no business or revenue as in stock selling for revenue) or is on their way to jail For stock fraud
or bankruptcy
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Posted by: puppydotcom
In reply to: None Date:10/6/2006 4:14:41 PM
Post #of 220763
RE/post from pro66 board -
Now this is a RB post
By: diamondhead10
06 Oct 2006, 02:03 PM EDT
Msg. 395836 of 395928
Jump to msg. #
IMPORTANT INFO REGARDING CMKX/NASD
I just had a nice converstaion with one of the examiners from the NASD regarding the the last PR on the NEVWEST deal. His name is John Ampar out of the Los Angles office and he is anxious to talk to CMKM shareholders regarding your investment.
The purpose of my conversation was for information only (no compliant filed) and Mr. Ampar states that the NEVWEST deal is just the begining as far as the NASD is concerned. He was very interested in how folks got started with this stock etc. Mr Ampar was very receptive to hearing my story. He further explained that the SEC and DOJ etc were also investigating. That certainly was no surprise to me. He said that he would like to talk to others about it (I don't think he realizes how many of us there are), but I told him I would post his number for my fellow shareholders...Keep in mind that he has no definitive answers to give us at this point, but is seeking information to help in the investigation....Based on his comments, this doesn't sound like it's going to be over any time soon, IMO. If you would like to give John Ampar a call he can be reached at 213-613-2635... I hope this helps..Good luck to all of us.....DH
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Posted by: puppydotcom
In reply to: Jim Bishop who wrote msg# 220541 Date:10/5/2006 10:34:24 AM
Post #of 220763
Yes, there are bad brokers out there just as Nevwest proves by conspiring with JE to sell shares by breaking the NASD rules by trickery and deceit. What so many people fail(or refuse) to realize and Faulk is a prime example. High volume public companies selling millions or billions of shares in a short time period known for issuing fluff unverifiable press releases with no known verifiable assets or revenue are prime targets by the unscrupulous brokers. As the brokers and the company (insiders) sell billions of shares by promoting a stock with little to no value. The shareholders dreaming for the stock of a lifetime (so promoted) by the company and the HIRED promo groups while keeping the share holders in the dark (palm) on purpose.
Guess who the losers will be? CMKX got you?
And here is another one you missed like many others from different posters
Posted by: Half Viper Man
In reply to: None Date:9/26/2006 10:44:13 AM
Post #of 220763
All those trust accounts Edwards set up for Casavant:
NASD Charges NevWest Securities Corporation and Principals with Violating Anti-Money Laundering Rules
Firm Failed to File Suspicious Activity Reports Despite Suspicious Sales Of Hundreds of Billions of Shares of Sub-Penny Stock by Customer
Washington, D.C. -- NASD announced today that it has charged NevWest Securities Corporation of Las Vegas and two of its top officers - President Sergey Rumyantsev and Vice President Antony M. Santos - with violating NASD's Anti-Money Laundering Rule.
In its complaint, NASD charges that the firm failed to adequately implement and enforce procedures to detect and report suspicious transactions that the firm had reason to suspect involved possible securities fraud. Specifically, the complaint charges that the firm failed to conduct adequate due diligence and file appropriate Suspicious Activity Reports (SARs) in connection with highly suspicious transactions by a customer of the firm. NASD alleges that, during the relevant period, the customer opened 32 accounts at NevWest and sold more than 250 billion shares of a sub-penny stock, which generated total sales proceeds of over $53 million. NASD alleged that NevWest earned commission revenue on the sales totaling $2.5 million - 36 percent of the firm's total revenues during the relevant period.
"Suspicious Activity Reports provide law enforcement with information that's critical for investigating and prosecuting money laundering, terrorist financing and other financial crimes," said James S. Shorris, NASD Executive Vice President and Head of Enforcement. "Broker-dealers have an obligation to investigate 'red flags' indicating suspicious activity and, where appropriate, to file SARs. Despite a multitude of very obvious red flags, NevWest chose to look the other way, earning millions for itself in the process."
NASD's complaint charges that between January 2003 and May 2005, NevWest, through Rumyanstev and Santos, failed to adequately perform due diligence, file SARs or cease trading in multiple accounts controlled by one of NevWest's customers in connection with more than 500 sale transactions. The transactions involved a sub-penny stock issued by CMKM Diamonds, Inc. (CMKM) that traded in the Pink Sheets until the Securities and Exchange Commission (SEC) revoked the stock's registration in 2005. The complaint further charges that the firm and its officers ignored numerous red flags which reasonably should have caused them to suspect that the customer was violating federal securities laws. The complaint charges that the firm should have filed suspicious activity reports with the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN).
Those red flags included:
The massive volume of CMKM stock that was being sold through NevWest by this customer, which constituted as much as 36.7% of CMKM's total outstanding shares;
Publicly available information about CMKM's financials indicating that CMKM had almost no assets. CMKM's last quarterly report, filed with the SEC on Nov. 18, 2002, showed that for the quarter ending September 2002, it had total assets of only $344 cash and total liabilities of $1,672;
CMKM's failure to file annual reports with the SEC for the fiscal years 2002, 2003 and 2004.
Information showing a relationship between the NevWest customer engaging in the suspicious transactions and a former officer of CMKM;
The SEC's temporary suspension of over-the-counter trading in CMKM securities from March 3, 2005 through March 16, 2005 and the SEC's action on May 10, 2005 to revoke the registration of each class of CMKM stock. From March 17, 2005 until May 11, 2005, NevWest continued to sell at least 22 billion shares for its customer's account.
NASD also alleges that NevWest, through Santos, failed to comply with escrow account requirements and contingency offering terms, in violation of the federal securities laws and NASD rules; failed to timely report customer complaints and disclosure events pursuant to NASD rules, and failed to establish and maintain a supervisory system and procedures that were reasonably designed to detect and prevent these violations
Posted by: puppydotcom
In reply to: pantherj who wrote msg# 220230 Date:10/2/2006 2:58:48 PM
Post #of 220763
They could be very well be implicated in lawsuits. Looks like they did what they did' well understanding they violated 3 trillion NSAD rules... but who knows?
Too me it very clear JE was selling the shares thru trickery and deceit and Newest was involved in the trickery... it's not the first time insider crooks working with other crooks
have scammed the public and UC did a great job of covering it up for as long as he did.. and a special thanks to IBM for keeping the share holders informed' they were getting reaped by the insiders
It's not any kind of short issue like the dopes on Rb are trying to say... its more like defrauding the public
.. Maybe RICO?
It's HUGE!!!!
It's SOON
It's CLOSE
AI
