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Re: efhutton1 post# 24305

Thursday, 06/08/2023 6:36:22 PM

Thursday, June 08, 2023 6:36:22 PM

Post# of 32072
The SEC's complaint clearly indicates that Auctus' business model was totally illegal and was probably responsible for undermining the share prices of scores of penny stocks like XERI. While the complaint doesn't currently mention illegal short-selling, that's probably harder to prove -- but I wouldn't be surprised to see that added in subsequent complaints. (FYI: The SEC rarely loses cases in Federal Court.)
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