Wellstar International (WLSI)

[StormyStocks]

The SEC seems to be really trying now to crack down on this type of fraud. They have got their work cut out for them because this is so widespread just in the OTC. I think it's a bit more sophisticated in the NYSE, but it is still there.

In the past few days the SEC has halted several OTC stocks due to questionable activities. If they just take a few at a time like they have and really focus on these then over time they will get it cleaned up somewhat.

With WLSI, it is so blatant what happened I am surprised that an indictment hasn't been handed down. These folks need to be in jail, for sure.