Replies to post #77439 on Pervasip Corp (PVSP)

[madeindet]

FINRA Blacklists Curt Kramer, Mazuma and Asher Enterprises

http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=262392557

Curt Kramer (Asher Enterprises, Mazuma, KBM Wordwide)



MAYBE FIRNA WON'T LET ILIV TO GET SPLIT TO GO THROUGH??????

Quote:
In the letter, FINRA cited specific factors that led to its determination. Those factors had entirely to do with the company’s reliance on toxic funder Curt Kramer for financing.

Kramer is well-known in the penny stock marketplace as a toxic dilution funder. In November 2013, the Securities and Exchange Commission (“SEC”) charged Kramer and his Mazuma companies with violating federal securities laws; Kramer settled the charges for $1.4 million.
Consistent with the SEC’s recent action against Kramer, FINRA did not hesitate to identify Kramer as a bad actor, which disqualifies him from some types of market participation.

By virtue of FINRA Rule 6490(d)(3)(3), if the regulator has “actual knowledge that … promoters or other persons connected to the issuer … are the subject of a pending, adjudicated or settled regulatory action or investigation by a federal, state or foreign regulatory agency, or a self-regulatory organization; or a civil or criminal action related to fraud or securities laws violations,” it can reject corporate action requests.