Tag Archives: manipulative trading

Former CEO Barred From Penny Stock Offerings For Stock Manipulation In Attempt To Uplist To Nasdaq

A federal district court in Jacksonville, Florida has barred the former CEO of a Florida-based franchisor of children’s educational programs from serving as an officer or director of a public company and from participating in penny stock offerings. The Securities and Exchange Commission charged Brian Pappas, the former CEO of Creative Learning Corp., in August 2017 with fraud for making

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SEC Charges U.K. Brokerage Firm and Others for Manipulative Trading in U.S. MicroCap Stocks

On Friday, the Securities and Exchange Commission announced securities fraud charges against a U.K.-based broker-dealer and its investment manager in connection with manipulative trading in the securities of HD View 360 Inc. (OTC: HDVW), a U.S.-based microcap issuer. The SEC further announced the institution of an order suspending trading in the securities of HD View. The SEC also announced charges against

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Former Stock Broker Sentenced for Microcap Stock Manipulation Scheme

Last week, a former New Hampshire stockbroker was sentenced for his role in a market manipulation scheme which was actually part of an undercover operation. Robert Raffa, 57, of Penacook, N.H., was sentenced by U.S. District Court Chief Judge Patti B. Saris to two years in prison and two years of supervised release. In September 2017, he pleaded guilty to one

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SEC Obtains Final Judgment Against Former Boiler Room Operator

Yesterday, the SEC announced that is has obtained a final judgment against a former boiler room operator charged with participating in a fraudulent scheme to artificially inflate the per share price of penny stocks. The SEC’s complaint alleged that in 2010, an owner of penny stocks, James Price, proposed to a stock promoter, Brian Kingsfield, that they engage others to

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SEC Obtains Final Judgment Against Former CEO of Penny Stock Company

Yesterday, The Securities and Exchange Commission announced that it has obtained a final judgment against the former CEO of a penny stock company charged with making false claims in press releases and engaging in manipulative trading in company stock. The final judgment, entered by consent on August 17, 2017 by the Honorable Jeffrey S. White of the U.S. District Court for

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