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breezin_chs

05/21/09 4:51 PM

#210 RE: wEaReLeGiOn #166

You show me proof that a paid basher exist and we can further discuss this matter!

Go thru all the cases at the SEC and you will see it's all about pump and dumps!


Not exactly. Most SEC cases were about pump & dumps, but some were about poop & scoop. Anyway paid bashers have been proven to exist.

In InvestAmerica's case (OTCBB: INVT), which subpoenaed Raging Bull to identify 14 INVT-bashers, the purpose of the suit was to "ultimately find out if any of the 14 bashers was employed directly or indirectly by a market maker or by a member firm of the SEC or the NASD."

In the case of QuestNet Corp. (OTCBB: QNET), "Cats3" turned out to be Jerome Rosen, lawyer and senior trader with J. Alexander Securities (ALEX), a major market making firm. His felony conviction was topped off by disbarment.