Jr Mining & Bio-Diesel Questionable Companies

[flyonawall]

Wish I had read this prior to my getting involved in PS. Oh well, maybe someone will read it and learn. Thanks TikiGal!

Posted by: TikiGal Date: Sunday, July 20, 2008 10:27:40 PM
In reply to: pizzabuster1 who wrote msg# 114147 Post # of 114162

If everyone took the time out and read the rules of trading pinksheet/OTCBB stocks before they started trading we wouldn't have these ongoing arguements on these boards..

http://www.pinksheets.com/pink/otcguide/investors_protection.jsp
Pink OTC Markets Inc. is not governed by a securities regulatory authority. It is not a stock exchange. The Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC) regulate all Market Makers in Pink Sheets securities. FINRA's responsibilities include establishing rules governing the business conduct of its broker/dealer members; setting qualification standards for securities industry professionals; examining members for their financial and operational condition, as well as their compliance with appropriate rules and regulations; investigating alleged violations of securities laws; disciplining violators of applicable rules and regulations; and responding to inquiries and complaints from investors and members.

Many Pink Sheets stocks are Penny Stocks. Due to the high level of risk involved in investing in Penny Stocks it is "unlawful for a broker or dealer to effect a transaction in any penny stock for or with the account of a customer unless, prior to effecting such transaction, the broker or dealer has furnished to the customer a document containing the information set forth in Schedule 15G and has obtained from the customer a manually signed and dated written acknowledgement of receipt of the document." (SEC Rule 15g-2(a), Risk Disclosure Document Relating to the Penny Stock Market.)

If you believe that you have been defrauded by a publicly traded company, broker, securities firm, investment advisor, or other securities market participant, visit our Contacting Regulators section to learn how to file a complaint with the appropriate regulators.

We encourage you to gain a thorough understanding of your rights as an investor and to investigate the background of the issuing companies, individual broker, and brokerage firm before you invest. Please visit the links below for more information on how to protect yourself or to obtain background information on your broker or brokerage firm.

Microcap Fraud -- Information about microcap fraud from the SEC.
About Your Broker -- Information about the FINRASM Public Disclosure Program, which allows investors to request a report of all disclosable information regarding an individual broker or securities firm, including instructions on requesting a report (either online, by phone, by fax, or by mail) and an explanation of the types of information that are disclosable.
How To Avoid Problems -- Information on ways to prevent potential problems and steps to take to resolve a dispute with a broker, securities firm, investment advisor, or other securities professional.
Invest Wisely -- Information on selecting a broker, understanding a new account agreement, several factors to consider before making an investment decision, red flags to watch out for, and where to turn if you encounter a problem.
SEC Rule 15g-9 -- This rule established several sales practice requirements for broker/dealers transacting in "penny stocks".
What Every Investor Should Know -- General information provided by the SEC Office of Public Affairs, Policy Evaluation and Research.
NASAA Investor Education -- Informational pages created by State Securities Regulators as a primer on the most common types of schemes, scams, and fraud about which investors and entrepreneurs need to know.