| Followers | 113 |
| Posts | 9592 |
| Boards Moderated | 2 |
| Alias Born | 09/05/2007 |
Wednesday, July 31, 2013 4:17:47 AM
As long I breathe I'll keep an eye out for those scammers and will make certain to warn potential investors/victims.
Ive done that for over a decade. Guess what? People still buy into scams, tehy will still call you a paid basher, naked short seller etc....Because penny stock marks support their "investments" straight into the ground. What you will do is educate a few, after the fact which is a good thing. But be prepared to have these scammers come after you. I've had more than one attempt from scammers to sue in order to get my personal info from IHUB. Went as far as having to get an attorney for me and a handful of others to quash a subpoena to IHUB. Also was part of the IHUB/MM fiasco that utilized the libel tourism law put into effect a few years back. The road is a long one you are on. You will find yourself in deep water, you will likely face a subpoena at some point and you will make more enemies than friends. Have fun, beent here done that, got the t-shirt
But to say there is no recourse via SEC litigation is incorrect. The SEC files litigation each day...they wouldn't do so if there aren't instances where investors do recoup something...
The SEC sues to recoup money for the SEC. Shareholders sue to recoup monies for shareholders. SEC fines and settlements go to the SEC. You want to know what your odds are of collecting? Take your info to a securities lawyer who handles class actions against crooked companies. When he says "you got screwed, can't help you" then you know there is nothing there to recover on your behalf. Because if there was, the class actions lawyers would be lined up, creating a suit and begging you to join. You are screwed out of your money. Learn from it and make sure it doesn't happen again.
Ive done that for over a decade. Guess what? People still buy into scams, tehy will still call you a paid basher, naked short seller etc....Because penny stock marks support their "investments" straight into the ground. What you will do is educate a few, after the fact which is a good thing. But be prepared to have these scammers come after you. I've had more than one attempt from scammers to sue in order to get my personal info from IHUB. Went as far as having to get an attorney for me and a handful of others to quash a subpoena to IHUB. Also was part of the IHUB/MM fiasco that utilized the libel tourism law put into effect a few years back. The road is a long one you are on. You will find yourself in deep water, you will likely face a subpoena at some point and you will make more enemies than friends. Have fun, beent here done that, got the t-shirt
But to say there is no recourse via SEC litigation is incorrect. The SEC files litigation each day...they wouldn't do so if there aren't instances where investors do recoup something...
The SEC sues to recoup money for the SEC. Shareholders sue to recoup monies for shareholders. SEC fines and settlements go to the SEC. You want to know what your odds are of collecting? Take your info to a securities lawyer who handles class actions against crooked companies. When he says "you got screwed, can't help you" then you know there is nothing there to recover on your behalf. Because if there was, the class actions lawyers would be lined up, creating a suit and begging you to join. You are screwed out of your money. Learn from it and make sure it doesn't happen again.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
