SEC shuts down PSC - Penny Stock Chaser

[Sportsjunkie]

it appears the problem the sec has found is that mr. R has another company name that takes in stock and than pays psc which he also owns less amount so that his disclaimer does not look as big as it really would be..

as for twitter and facebook,i think the miami s.e.c guys have opened a great big door cause i dont see the disclaimers being used there and the promoters think there is a blanket that covers them..

plus my understanding from the s.e.c is if you have 500,ooo shares and on day 2 you have sold 75,000 shares,they want that info in the updated disclaimer he time you send out an email..
subway was doing it that way in the last few years he was around...