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Re: kelvin777 post# 5746

Wednesday, 03/12/2014 9:48:13 AM

Wednesday, March 12, 2014 9:48:13 AM

Post# of 58746
Company will put out news once this gets going, they were attacked yesterday for no real good reason. Actually it's front running a stock (what the short selling firm yesterday did), I put in a formal complaint with the SEC this morning. It's illegal!!! --> https://denebleo.sec.gov/TCRExternal/disclaimer.xhtml


Enforcement Tips and Complaints

If you would like to provide us information about fraud or wrongdoing involving potential violations of the securities laws, which may include the conduct listed below, use the Tips, Complaints and Referrals Portal. See also further information about submitting a tip or complaint.

~ False or misleading statements about a company (including false or misleading SEC reports or financial statements)
~ Abusive naked short selling

WHAT IS FRONT RUNNING, WHY IT'S ILLEGAL
http://en.wikipedia.org/wiki/Front_running

Front running is the illegal practice of a stockbroker executing orders on a security for its own account while taking advantage of advance knowledge of pending orders from its customers. When orders previously submitted by its customers will predictably affect the price of the security, purchasing first for its own account gives the broker an unfair advantage, since it can expect to close out its position at a profit based on the new price level. The front running broker either buys for his own account (before filling customer buy orders that drive up the price), or sells (where the broker sells for its own account, before filling customer sell orders that drive down the price).
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