Replies to post #186668 on Biotech Values

[oldberkeley]

Agree or disagree with their opinions, at least Jason and Adam know the rudiments of correct writing.

This poster says he writes biotech articles: #msg-110309715.

Read his writing. Shake your head.

[DewDiligence]

SEC cites Jason Napodano for small-scale pump-and-dump operation:

https://www.sec.gov/litigation/litreleases/2017/lr23943.htm

The SEC alleges that Jason Napodano, who headed a division called Zacks Small Cap Research within a larger investment research firm, misled investors in penny stocks by representing that he wasn't trading or holding positions in the companies he was writing about while secretly trading the same stocks based on nonpublic information about the publication date of his research. In an effort to evade detection, Napodano allegedly limited his profits from each illegal trade by taking small positions and closing the positions shortly after his reports and articles were published.

In addition to a permanent penny stock bar, Napodano agreed to pay full disgorgement of his insider trading profits totaling $143,865.48 plus prejudgment interest of $17,620.87 and a penalty of $143,865.48.