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Re: MarcoPolo4 post# 195880

Sunday, 07/07/2024 6:46:14 PM

Sunday, July 07, 2024 6:46:14 PM

Post# of 203832

Counterfeiting Stock 2.0 (a pdf) on the SEC website


That is NOT an article by the SEC.

They did not write it and they do not endorse it.

Someone submitted that as a comment letter on a proposed rule change. Comments on SEC rule changes are required to be published.

And that particular article has been making the rounds in the penny stock world for years.

Written by a guy named Pete Petit…who was also convicted of Securities Fraud:

Audrey Strauss, the Acting United States Attorney for the Southern District of New York, announced today that, following a four-week trial, PARKER H. “PETE” PETIT, the former chief executive officer of MiMedx Group, Inc. (“MiMedx”), a publicly traded biopharmaceutical company, was convicted of securities fraud, and WILLIAM TAYLOR, the former chief operating officer of MiMedx, was convicted of conspiracy to commit securities fraud, to make false statements in SEC filings, and to mislead the conduct of audits. The convictions stem from their participation in a scheme to fraudulently inflate MiMedx’s revenue.

https://www.justice.gov/usao-sdny/pr/former-chief-executive-officer-and-chief-operating-officer-publicly-traded-0
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