Replies to post #220575 on Fortress Financial Group fka FFGO

[ctrumabll]

"Smith On Stocks" Is Below The Bottom Of The Barrel!

Ah, yes. "Smith on Stocks." And an ENSSFM theorist, to boot!

But wait: he has been using ENSSFM theory to fuel his own pumps:

https://seekingalpha.com/article/2301825-behind-the-promotion-of-northwest-bio

And here is where he gets to your new BFF, Smith on Stocks:

https://seekingalpha.com/article/2301825-behind-the-promotion-of-northwest-bio?page=11

Yet Mr. Smith has been concealing many important issues from his readers and from investors.

This includes his close relationship and history with MDM, the real details behind his professional background as well as his investor relations activities.

Last week I called MDM and asked a few questions about MDM's relationship with Smith and with Eastman. As already mentioned, MDM has clearly informed me that there is no paid promotion campaign with any MDM clients.

Shortly after that call to MDM, there began to appear posts on Yahoo message boards stating that Richard Pearson would be writing a negative article on Northwest Bio.

At the exact same time, Mr. Smith suddenly provided an extensive update to his existing disclosure on Seeking Alpha and on his website. He clearly knew that the jig was up and he began revealing details of his past, which had previously been concealed.

And here is my favorite part:

First, Smith was kicked out of the brokerage and research business in 2003 when he was barred from the industry by FINRA. Smith notes in his (newly updated) disclosure that the mediator had specifically sought to end Smith's career on Wall Street due to the violations involved.

Prior to being expelled, Smith had spent his last 8 years in the business bouncing around between small shops (i.e. not as a big hitter at H&Q or Smith Barney as shown in his various profiles).

Prior to a few days ago, Smith had only disclosed to readers his early career history at two prestigious firms, H&Q and Smith Barney. He neglects to show how he ended his career by working for his last 8 years at various bucket shops such as Sutro and Rodman & Renshaw. None of this had been disclosed to readers or investors until the last few days when Smith was alerted by MDM that I was paying attention to it.

...

Smith then neglected to mention to readers that the reason he left the industry in 2003 was that he had actually been barred altogether from the industry by FINRA.

According to FINRA Broker Check:

Smith engaged in conduct inconsistent by effecting stock transaction shortly before issuance of research report which he had prepared concerning such stock; caused a violation of exchange rule 472.40(2)(III) by failing to disclose that he held securities in stocks recommended in research report he authored; engaged in conduct inconsistent by opening accounts at a member firm that concealed fact of his employment at another member firm; and violated exchange rule 407(b) by maintaining securities at another firm without consent of his employer.

The seriousness of these offenses for a Wall Street analyst cannot be overstated. Smith showed a deliberate willingness to deceive his employer, the brokerages and (most importantly) investors.

As a result, in 2003, Smith was barred from the industry for the time. This is what really resulted in Smith launching his "consulting firm" DLS research.

As we will see below, DLS Research (i.e. Larry Smith) was created to focus on investor relations and stock promotion and not "research." DLS does not have a website, nor does it even publish research reports.

So, "Smith on Stocks" is another Jonathan Bryant: a crook using ENSSFM theory to cover up their own crookedness. And yet, here we are, citing "Smith on Stocks" for proof of the ENSSFM. Sure looks like he is using ENSSFM theory to rip people off, no?

[Sunnybank]

And TDA aren't saints IMO

[mretgnol]

You pulled this same crap with PCBM and CMKX, where the Department of Justice found that Turino, Edwards, and Casavant deposited every single share into multiple trading accounts and dumped to suckers like you.

Every single share Alan. Using bogus opinion letters to dump unregistered stock and bypass the DTC. Every time.

Including GBDX, UCAD, SGGM, and many others.

The only stock you were ever partly correct with was BCIT, where the DTC cannot explain where the extra 84 Million shares of BCIT came from.

FFGO has/had no claims, no operations other than dumping stock and making up stories to lure more suckers.