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Monday, September 19, 2011 8:39:49 AM
Recent Mod This Site!!!!!!!
Ex-Exec of PIPE Issuer Telco-Technology Ordered to Pay Fines
The defendants then allegedly created a market for those shares by sending spam emails touting the stocks and by coordinating manipulative trading with brokerage accounts controlled by xxxxxx. After artificially inflating the market for the stocks, they then dumped the shares on unsuspecting investors, reaping tens of thousands of dollar in profits, according to the SEC.
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 22091 / September 14, 2011
FINAL JUDGMENT OF DISGORGMENT, PREJUDGMENT INTEREST AND CIVIL PENALTY ENTERED AGAINST DEFENDANT xxxxxxxx
Securities and Exchange Commission v. Wall Street Communications, Inc., et al., Civil Action No. 8:09-CV-1046-JSM-TGW (M.D. Fla.)
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