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janice shell

03/02/11 10:26 PM

#5465 RE: nodummy #5447

The answer also claims there is no evidence that any of the stocks mentioned in the charges were fraudulent. The SEC has allowed each one to continue trading. If investors did suffer any losses, then the SEC failed to mitigate any damages because it allowed people to continue buying shares in companies that it knew were fraudulent, the answer states.

Really? The SEC suspended PrimeGen and Supatcha. What message does that send?
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overachiever

03/02/11 11:18 PM

#5466 RE: nodummy #5447

Of the four stocks that the SEC mentioned, three have links to Mr. Marshall. He was an officer of PrimeGen and Fidelis in 2007. Another, Supatcha Resources, listed him as a director in December, 2010.

In 2004 the RCMP investigated Mr. Marshall for his role with an OTC Bulletin Board company, Silver Star Energy Inc. According to a warrant obtained to search the company's office, he and five others had run the company as a pump-and-dump. While the search made many headlines, it did not lead to any charges.

Mr. Marshall left town in 2007, after somebody shot at his Shaughnessy home.

Wasn't Kenneth Eade involved with one or more of those scam stocks as well?