Fortress Financial Group fka FFGO

[alien42]

Market maker manipulation continues to this day.

there are no market makers in revoked stocks.


The only way they could reduce risk is if shareholders take 100% write-downs.

market makers have zero interest in FFGO. brokerages have to deal with the leftovers of a revoked scam like FFGO and they are a waste of their time.

not sure why anyone would want to sit on a 100% loss without taking advantage of the tax benefits, but that is their decision.


"The SEC may invoke a trading suspension. In some cases, the SEC will suspend trading (or the Nasdaq or NYSE may halt trading) in the stock of an issuer that is a defunct company if, for example, the SEC believes that public information about the issuer is materially false or misleading or the stock price appears to be manipulated. During a trading suspension, no broker-dealer may trade the security. When the trading suspension terminates, a broker-dealer wishing to publish quotations must comply with Rule 15c2-11, which may be impossible to do in the case of a defunct company.

The SEC may revoke the registration of stocks. In some circumstances, the SEC may revoke the registration of a defunct company's stock pursuant to Section 12(j) of the Exchange Act. Under Section 12(j), the SEC is authorized to revoke the registration of a security if it fails to comply with the federal securities laws. No broker-dealer may execute any trades in stocks whose registration has been revoked pursuant to Section 12(j).

A defunct company may not have a transfer agent. In some situations, the defunct company does not have a transfer agent. Although the federal securities laws do not require a company to have a transfer agent, if a company does not have a transfer agent, investors are unable to receive or transfer their stock certificates. Sometimes the SEC has considered a company's lack of a transfer agent as a factor in whether to revoke the registration of stock pursuant to Section 12(j) for the protection of investors."

http://www.sec.gov/answers/dfnctco.htm