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Re: None

Tuesday, 07/02/2013 2:29:02 PM

Tuesday, July 02, 2013 2:29:02 PM

Post# of 146838
As Janice pointed out the most interesting part of the SEC press release about "Enforcement Initiatives to Combat Financial Reporting and Microcap Fraud and Enhance Risk Analysis" is the following:

The Microcap Fraud Task Force will investigate fraud in the issuance, marketing, and trading of microcap securities. These abuses frequently involve serial violators and organized syndicates that employ new media, especially websites and social media, to conduct fraudulent promotional campaigns and engage in manipulative trading strategies to amass ill-gotten gains, largely at the expense of less sophisticated investors.

Hammer meet SKTO/Hipple!

IG

It's easier to fool people than to convince them that they have been fooled

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