Replies to post #28519 on Mexus Gold US (MXSG)

[gitreal]

Does it bother you that the company has hired a promoter who was banned by FINRA and fined by the SEC? Not a good look.

Or does it simply not matter, as long as it results in a bump in the stock price?

Firm Expelled, Individuals Sanctioned
Donner Corporation International nka National Capital Securities, Inc. (CRD #37702, Oklahoma City, Oklahoma), Jeffrey Lyle Baclet (CRD #2022409, Registered Principal, Santa Ana, California), Paul Alan Runyon (CRD #3159920, Registered Principal, Lake Forest, California) and Vincent Michael Uberti (CRD #2618595, Registered Principal, Santa Ana, California). The firm was expelled from NASD membership, and Baclet and Uberti were barred from association with any NASD member in any capacity. Runyon was fined $20,000, suspended from association with any NASD member in any capacity for six months, and must requalify by exam as a general securities representative and a general securities principal. The sanctions were imposed by the National Adjudicatory Council (NAC) following appeal of an Office of Hearing Officers (OHO) decision. The sanctions were based on findings that the firm, Baclet and Uberti issued research reports on reporting companies that failed to disclose material information and contained misleading, exaggerated and false statements. The findings stated that the firm, Baclet and Uberti intentionally or recklessly failed to disclose material
information on research reports issued to the public, and failed to disclose that the firm had received compensation for preparing
and disseminating them. The findings also stated that the firm and
Baclet failed to obtain signed approval of research reports prior to their dissemination. Moreover, NASD found that the firm and Baclet failed to establish, maintain and enforce adequate written supervisory procedures reasonably designed to achieve compliance with applicable securities laws and NASD rules concerning research reports. Furthermore, NASD found that Uberti and Runyon fraudulently failed to disclose material negative financial information, and included exaggerated and misleading information in their research reports.