Tag Archives: Marc Berger

SEC Freezes Assets in International Manipulative Trading Scheme

Last week, The Securities and Exchange Commission announced charges against five foreign traders for executing illegal matched trades in the stock of Medico International, Inc. (MDDT). The SEC also obtained an emergency court order freezing assets held in brokerage accounts of the defendants, including approximately $144,000 that otherwise could have been wired offshore, and hundreds of thousands of shares of

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SEC Charges Repeat Offender in MicroCap Stock Manipulation Scheme

Last week, the Securities and Exchange Commission charged Howard M. Appel with manipulating the stocks of three microcap companies while on supervised release following his criminal conviction for a prior securities fraud. According to the SEC’s complaint, Appel orchestrated multiple schemes to manipulate the market for trading in shares of Virtual Piggy Inc., (VPIG), Red Mountain Resources Inc. (RDMP), and

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