Friday, September 21, 2012 9:57:46 AM
For the last couple of weeks UBSS has been sitting on GOSY's ask with 2,000,000 shares at $.0037 or less.
The purpose of that ask ceiling is to prevent GOSY's pps from moving up and forcing a massive naked short squeeze. It is a clear and intentional signal to other MM's that any upward movement of GOSY's pps due to "good news" will be thwarted. This is, imho, deliberate complicity by UBSS to artificially hold an OTC stock price down using their offshore relationships to hide the identities of those directing these manipulations.
Isn't that more unethical behaviors such as UBS hiding client identities and their funds from the IRS in order for their anonymouse clients to evade US taxes?
When GOSY's CEO complained to UBS's Chief Compliance Officer, Frederic Greenbaum, UBSS moved their ask down to $.003.
When GOSY's CEO complained again to Greenbaum, again, UBSS moved their ask down to $.0025.
When GOSY's CEO complained to UBS's Chief Counsel, Jonathan Eisenburg, regarding this obvious manipulation of GOSY stock and it being in violation of UBS's "Code of Conduct" and asked for an appropriate point of contact, Eisenburg referred GOSY's CEO back to the very people --as appropriate contacts for ethics code violations-- that GOSY was wishing to report as violating UBS's Code of Conduct!
That is unethical on the face of it!
Has anyone else seen similiar behavior by UBS regarding OTC stocks that they follow?
mech66
P.S. Here's still more on UBS's unethical activities:
Recent UBS News
- Novavax Surges 57% Post $1.4 Billion Sanofi Deal; Apple Boosts Data Centers with AI and Internal Chips, and More News • IH Market News • 05/10/2024 12:02:56 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/07/2024 12:14:51 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/07/2024 12:13:12 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/07/2024 12:04:07 PM
- U.S. Index Futures Mixed in Pre-Market Tuesday, Oil Dip • IH Market News • 05/07/2024 11:47:40 AM
- Disney Slashes Streaming Losses, UBS shoots up 9% as profit triples expectations, and More in Earnings • IH Market News • 05/07/2024 11:46:44 AM
- UBS 1Q24 net profit of USD 1.8bn and underlying PBT of USD 2.6bn; integration priorities on track (Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules) • Business Wire • 05/07/2024 04:45:00 AM
- UBS Declares Coupon Payments on 5 ETRACS Exchange Traded Notes • Business Wire • 05/06/2024 08:30:00 PM
- UBS Financial Advisor Stockton Schultz named to Financial Planning 2024 Top 40 Under 40 • Business Wire • 05/06/2024 07:28:00 PM
- Perficient Stock Soars 52.9% Post-Acquisition; Luminar Declines 10% Amid Workforce Cutbacks, and Other News • IH Market News • 05/06/2024 12:09:00 PM
- Three UBS Financial Advisors in Arizona named to Forbes Top Women Wealth Advisors Best-in-State List • Business Wire • 05/02/2024 02:00:00 PM
- Philips Stocks Soar 47% Following US Deal, Tesla Bolsters Presence in China, and More News • IH Market News • 04/29/2024 11:11:24 AM
- BHP Bids $38.8 Billion for Anglo American; Biden Unveils Historic Micron Technology Deal, and More News • IH Market News • 04/25/2024 11:48:40 AM
- Coca-Cola and Microsoft Sign Billion-Dollar Agreement, Apple Event Set for May 7, and More News • IH Market News • 04/24/2024 11:28:02 AM
- UBS’s Drew Freides and Michael Kanigher Named to Forbes Best-in-State and Top Wealth Advisors lists • Business Wire • 04/23/2024 02:00:00 PM
- Apple Loses Market Share in China, GM Surges in Pre-Market Following Upward Revisions for 2024 Projections, and More News • IH Market News • 04/23/2024 11:25:34 AM
- Li Auto Stock Drops 7.3% Amid Tesla Price Cuts, Salesforce Retreats from Informatica Deal, and Other Market Updates • IH Market News • 04/22/2024 12:09:21 PM
- UBS hires financial advisor team led by Christopher Toregas in Los Angeles • Business Wire • 04/19/2024 06:55:00 PM
- James Herring and John Gaffney join UBS Private Wealth Management in New York City • Business Wire • 04/19/2024 01:30:00 PM
- 43 UBS Financial Advisors in the Pacific Northwest Market Named to Forbes Best-In-State Wealth Advisors list • Business Wire • 04/19/2024 01:20:00 PM
- Apple to Invest $250 Million in Singapore Expansion, Oracle Commits $8 Billion to Japan Infrastructure, and More News • IH Market News • 04/18/2024 11:11:52 AM
- Ericsson Soars with 66% Net Profit Growth; Live Nation Under Antitrust Scrutiny in US, and More News • IH Market News • 04/16/2024 11:18:19 AM
- 13 UBS advisors in the Philadelphia D.C. Wealth Management Market named to the Barron’s Top 1200 Financial Advisors list • Business Wire • 04/15/2024 01:00:00 PM
- Samsung Surpasses Apple in Q1 Smartphone Market; Salesforce in Talks to Acquire Informatica, and More News • IH Market News • 04/15/2024 11:06:48 AM
- UBS Private Wealth Management hires Regina Bronson and Alex Gitomer in New York City • Business Wire • 04/12/2024 02:00:00 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM