Tautachrome Inc (TTCM)

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David LaMountain was attempting to fight an SEC subpoena to get some of his bank records and the court quickly sided with the SEC, ruling that the subpoena would stand as the SEC proved it was pursuing a legitimate investigation.

The SEC was seeking LaMountain's bank records to investigate his connections to three pump and dumps that resulted in SEC litigation - Williamsville Sears Management, Inc. (“WSML”), Century Petroleum Corp. (“CYPE”) and AXM Pharma, Inc. (“AXMP”).

According to the SEC's response to LaMountain's Motion to Quash the subpoena, LaMountain was one of the largest traders of stock in WSML from March 2018 until the trading suspension and traded heavily in AXMP and CYPE. His trading profits went into the Bank account that the SEC wanted access to.

The SEC suspected, based on the timing and size of his trading in the three stocks, that LaMountain may have been assisting the operators of the pump and dump schemes by trading the stocks, especially WSML, in a manner that artificially boosted the stock prices.