Empire Petroleum Corporation (EMPR)

[KingOfSpades]

Broker got 1.2m EP shares Mulacek payoff for doing what?

What exactly is the involvement of Raymond James broker Kenneth Man-Keung Lee in facilitating the circuitous stock trades of Empire Petroleum through the Phil Mulacek network? The trades which have seen a multi-hundred million dollar market cap arise on the back of negligible trading volume across a shareholder roster consisting almost entirely of Phil’s family, associates, employees and his son Sterling Mulacek’s Energy Evolution Fund

How did Mr Lee come to own 1.2m shares of Empire Petroleum in a trust? Presumably a payoff from the Mulaceks but for doing what exactly?

Former Raymond James broker Mason Matschke scandalously serves as director of Empire Petroleum and simultaneously as Chief Compliance Officer of the aforementioned Energy Evolution Fund which bizarrely has almost all its capital invested in one stock : Empire Petroleum. As a broker Mason had to pay seven figure settlements to his clients but this is clearly no bar to serving as a compliance officer for the Mulaceks…..will Mr Lee also be joining the Mulacek payroll in some capacity in due course?