Monday, October 16, 2023 12:46:57 PM
On August 10th [2022], broker-dealer Spartan Securities Group, LTD., transfer agent, Island Capital Management LLC, d/b/a Island Stock Transfer and two of their principals, Carl E. Dilley and Micah J. Eldred, were ordered to pay nearly $1 million in monetary remedies in connection with their roles in the creation of at least 19 purportedly legitimate public companies that were in fact sham, blank check shells. Concluding that "the evidence demonstrated that defendants abused their 'gatekeeper' role," the District Court also ordered injunctive relief as to Island Stock Transfer and the two individuals, and imposed penny stock bars against Spartan Securities, Dilley and Eldred, prohibiting them from participating in the issuance, trading, offer or sale of a penny stock.
https://www.sec.gov/litigation/litreleases/lr-25486
It would be interesting to hear the other side of the issue.
Recent RGLG News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/27/2024 07:09:30 PM
Swifty Global Announces South African Gambling License Approval • DRCR • Jun 10, 2024 9:15 AM
DaBaby and Stunna 4 Vegas's "NO DRIBBLE" Joins Music Licensing, Inc.'s Portfolio • SONGD • Jun 7, 2024 10:15 AM
Mushrooms Inc. (OTC: MSRM) Announces Significant Share Buy Back by the Board Director and New Strategic Initiatives. • MSRM • Jun 5, 2024 1:32 PM
Hydromer Announces Launch of HydroThrombX Medical Device Coating Technology • HYDI • Jun 5, 2024 10:24 AM
Dr. Michael Dent Finances $1 Million to Drive HealthLynked's Healthcare Transformation • HLYK • Jun 5, 2024 8:00 AM
Avant Technologies Enters Binding LOI to Purchase Dozens of High-Performance, Immersible, AI-Powered Servers • AVAI • Jun 5, 2024 8:00 AM