Prom Resources Inc (PRMO)

[Mr Layhe]

doing some digging found this article

Sales of Prom Resources, Inc. (“PRMO”)
On August 14, 2007, one of SF’s customers received 12,500,000 shares of PRMO, and
immediately journaled a combined total of 3,500,000 shares to two other SF customers. One of
those customers, in turn, journaled shares to an additional four SF customers. By September 5,
the Firm, on behalf of these seven customers, sold a combined total of more than 1,200,000
shares of PRMO, none of which were registered or exempt from registration, for gross proceeds
to these customers of over $152,000. SF’s customers sold PRMO from August 2007 through
December 2007.

Conclusion
Notwithstanding red flags, including numerous stock certificates dated close in time to when
they were deposited, that shares were sold very shortly after deposit, and that the proceeds of the
sales were transferred (sometimes immediately) from the Firm, the Firm failed to undertake an
adequate inquiry of its own to verify whether the USXP, WWEM, MUME, RSHN, IPEI,
MVBY, CAJT, PRMO, FRTW and ALMY shares were registered or exempt from registration.