How to file a complaint with the SEC:
The best complaints are complaints where you are specific. The SEC wants specifics they can act upon and not emotional rants. These are penny stocks and the SEC knows that many people invest naively.
1. Detail how you came into this investment. Use dates, individuals, press releases, etc…to address how you were first brought into the investment. Use links if available.
2. If there were other materials that kept you in the investment or enticed you to invest more – detail them
Bottom line, these first two items present to the SEC why you invested and what kept you as an investor. Close this section out by identifying how much you have lost to date.
3. Lay out why you think this was fraud and not just a bad investment. This usually requires lies, deceipt, contradictions etc…for example:
* BEDA Transfer Agent now accused by the company of fraud was a Transfer Agent they created – conflict of interest.
* BEDA purchased TMH as an operational business in press releases touting contracts owned, but in a delinquent filing called it dormant before they changed that language touting contracts. Now they call it non-operational again. The misleading representation was fraud to entice people to buy.
* BEDA put out a filing disclosing fraud by the TA and then accepted those illegal shares into their O/S placing injury upon the shareholders. If these shares were illegally sold thru fraud shareholders should not pay the price.
* BEDA recent did a name change and a Reverse Split without prior notice to the shareholders. Why were shareholders not proxied on this as they hold more than 50% of the shares?
To file you go to the SEC web site and file thru the on-line complaint. You can draft your complaint in a word document and attach it at the end of your complaint. Fill in the various blocks with an abridged version of complaint and then reference the attached document for a more substantive explanation. You should likewise take that same word document and sent it via e-mail to DFW@sec.gov
The best complaint are less emotional rant and more logical explanation as to why you invested and why you think you were defrauded. Give the SEC something to work with so give them examples of contradictions and misleading representations made by the company. Remember, on pinksheets.com they have copies of the filings made including the versions they changed.
