The Real DTCC Discussion

[jbsliverer]

Personally I think there is a lot going on behind the public scenes between the SEC and DTCC. Meaning they have something up their sleeves in order to expose a lot of this OTC shenanigans.

As for the 3 attorneys, at first I thought the same thing, but remember this is the OTC, how many people are willing to hand over theirs files here to have them looked over. Remember if there exists any illegal actions they are required to turn them over to the SEC for further investigation. The attorneys are not representing the security they are representing the DTCC upon request of an issuer. I do not know many scams lining up to hand over their TA files.

Add to that fact I am certain some of the Legal Counsel that often write these “opinion letters” are requesting that issuers not approach the DTCC for such actions. I mean this is exactly what the DTCC was requesting at the roundtable, being able to see everything at the TA level in these share issuances.

I simply think it is minimal requests due to not willing to risk exposure, the few that have not done anything wrong can get their services restored and go about doing their business but I doubt the scams are going to even entertain this process.

You've got that right. Just putting some time in and researching these DTCC restricted stocks find all sorts of connections that consistently and regularly involve these "shenanigans" and are so connected to many criminal behaviors. Any of these companies that would "hand over" the paperwork for review would undoubtedly expose all sorts of other connected people and stocks and has even included TA's, attorneys, along with other insiders.

Lets just take IPWG for example, since that one stock was the original issue here. I'm sure the DTCC and SEC would love more paperwork and exposure with that stock. The FBI, SEC, Justice Dept, and others are still after certain criminals that have fled the country that is or were connected with a convicted attorney (IPWG Wire Fraud and other manipulative criminal actions) and other people that were involved with other connected companies or people that were involved with IPWG.

This is just a summary of some of the links, but a entire article could be written connecting all the dots that have shown up with that restricted stock. This is the norm for what I've been finding, not the exception of DTCC restricted stocks.


Department of Justice
Office of Public Affairs
Tuesday, February 10, 2009
Five Individuals Indicted for Devising and Participating in Stock Manipulation Scheme
http://www.justice.gov/opa/pr/2009/February/09-crm-109.html
SEC litigation
http://www.sec.gov/litigation/complaints/2009/comp20892.pdf


Fri, September 25, 2009
Florida companies face SEC probe
http://www.sec.gov/litigation/complaints/2009/comp21224.pdf
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41882848
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41890810

Litigation Release No. 21224 / September 28, 2009
Securities and Exchange Commission v. K&L International Enterprises, Inc., et al., Case No. 6:09-CV-1638-Orl-31KRS (M.D. Fla.)
SEC OBTAINS EMERGENCY RELIEF AGAINST STOCK DISTRIBUTORS STEPHEN CARNES, LAWRENCE POWALISZ AND OTHERS
http://www.sec.gov/litigation/litreleases/2009/lr21224.htm

Litigation Release No. 21231 / September 30, 2009
Securities and Exchange Commission v. K&L International Enterprises, Inc., et al., Case No. 6:09-CV-1638-Orl-31KRS (M.D. Fla.)
SEC OBTAINS PRELIMINARY INJUNCTIONS AGAINST STOCK DISTRIBUTORS STEPHEN CARNES, LAWRENCE POWALISZ AND OTHERS
http://www.sec.gov/litigation/litreleases/2009/lr21231.htm

Sept 30, 2009 -- DTC Suspension of all services, except CS for

22743P100 Cross Atlantic Commodities, Inc.
294113105 Enzyme Environmental Solutions, Inc.
46018A100 International Power Group, Ltd.
761379106 Revenge Designs, Inc.
http://www.dtcc.com/downloads/legal/imp_notices/2009/dtc/ope/5704-09.pdf


10/02/2009 18 CERTIFICATE of interested persons and corporate disclosure statement re 9 Interested persons order by United States Securities and Exchange Commission. (Nelson, Margaret) (Entered: 10/02/2009)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42151196

CERTIFICATE OF INTERESTED PERSONS AND CORPORATE DISCLOSURE STATEMENT
11/25/2009 35 CERTIFICATE of interested persons and corporate disclosure statement by K & L International Enterprises, Inc., Signature Leisure, Inc., Jared E. Hochstedler, Signature Worldwide Advisors, LLC, Stephen W. Carnes, Lawrence A. Powalisz, Enzyme Enviromental Solutions, Inc.. (Slaughter, Harrison) (Entered: 11/25/2009)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43955903


SEC target Sheptycki's co-defendants to go on trial
2010-02-18 14:29 ET - Street Wire
http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:*SEC-1689827&symbol=*SEC&news_region=C
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46801471



Department of Justice
Office of Public Affairs
Friday, March 26, 2010
Kentucky Attorney Pleads Guilty for Role in Stock Manipulation Scheme and Obstruction of Justice
http://www.justice.gov/opa/pr/2010/March/10-crm-325.html

Department of Justice
Office of Public Affairs
Monday, May 3, 2010
Two Oklahoma Men Convicted of Devising and Participating in Stock Manipulation Scheme
http://www.justice.gov/opa/pr/2010/May/10-crm-515.html
National Storm's Gordon and Clark found guilty
2010-05-04 14:34 ET - Street Wire
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49910884
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49928191


National Storm's Clark, Gordon could spend life in jail
2010-08-17 14:14 ET - Street Wire
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53483572

Litigation Release No. 21632 / August 25, 2010
Securities and Exchange Commission v. K&L International Enterprises, Inc., et al., Case No. 6:09-cv-1638-Orl-31KRS (M.D. Fla.
SEC OBTAINS JUDGMENTS AGAINST STOCK DISTRIBUTORS STEPHEN CARNES, LAWRENCE POWALISZ AND THEIR COMPANIES
http://www.sec.gov/litigation/litreleases/2010/lr21632.htm

Securities Attorney and Former Stock Broker Each Sentenced to More Than 12 Years in Prison for $43 Million Pump-and-Dump Stock Manipulation Scheme
October 29, 2010 United States Attorney's Office
Office of Public Affairs
And Northern District of Oklahoma
http://www.justice.gov/usao/okn/press/Gordon-Clark_sentence.pdf
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56108059

National Storm's Gordon appeals fraud conviction
2010-11-12 13:50 ET - Street Wire
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56660826

SEC seeks default judgment against Sheptycki
2011-02-17 14:27 ET - Street Wire
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60064051

SEC seeks $50-million (U.S.) from pump-and-dump lawyer
2011-06-21 15:14 ET - Street Wire
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64536031

Litigation Release No. 22083 / September 2, 2011
Securities and Exchange Commission v. National Stock Transfer, Inc., Kay Berenson-Galster and Roger Greer,
Case No. 2:11-CV-00798 (USDC Utah).
(National Storm Management NSMG in that case and DTC suspension of all services)
http://www.dtcc.com/downloads/legal/imp_notices/2011/dtc/ope/1270-11.pdf
http://www.sec.gov/litigation/litreleases/2011/lr22083.htm


SEC wins $50-million (U.S.) penalty for Gordon
2011-09-30 14:08 ET - Street Wire
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3a*SEC-1886604&symbol=*SEC®ion=C
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67590289

In the Matter of the Application of
INTERNATIONAL POWER GROUP, LTD.
c/o John Benvengo, CEO/President
For Review of Action Taken by
DEPOSITORY TRUST COMPANY
Rel. No. 66611 / March 15, 2012
Appeal filed: November 16, 2009
Last brief received: June 28, 2010
http://www.sec.gov/litigation/opinions/2012/34-66611.pdf

some connected “nodummy” posts
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67455280
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67611359