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Wednesday, 12/29/2021 11:38:38 AM

Wednesday, December 29, 2021 11:38:38 AM

Post# of 233276
For those that don't understand the risk of an SEC investigation, today Medallion Financial was hit with an SEC action.

"The SEC is seeking permanent injunctions, disgorgement plus prejudgment interest, and civil penalties. In addition, the commission is also seeking to bar Murstein (COO) from officer and director positions."

https://seekingalpha.com/news/3783902-medallion-financial-stocks-plunges-after-sec-files-suit-on-illegal-touting

Like NP, the COO was using outside "investor relations" vendors for placing favorable articles and social media posts promoting the stock. The investment relations vendor was also indicted for fraud.

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