Just yesterday several of us were discussing promoters who fail to disclose that either they're being paid to promote, and/or who is paying them for their P&D campaigns.
Here's an excerpt from theOTC.today about recent SEC C&D proceedings against a promoter. The SEC's complaint underscores the ongoing problem of promoters that obfuscate the actual identity of the people who pay them.
Another Stock Promoter Busted by the SEC
Yet another lying tout gets called on the carpet, albeit this time for a slap on the wrist
November 17, 2016: On Monday, the SEC announced that it had instituted Cease and Desist proceedings against Alexander Kon, the owner of 007StockChat.com and affiliated newsletters like AwesomeStockTips.com.
Kon, who insists that his picks are based on chart analysis rather than the fees he receives, has been accused by the regulator of Konning the public by conspiring with Michael Cummings, the CEO of Canabusiness Group, Inc. (CBGI) to hide the fact that the company had itself hired Kon to promote the intrinsically worthless shares of CBGI.
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