Tag Archives: SEC Judgment

SEC Obtains Judgment Against Penny Stock Promoter

Last week, the SEC announced that they obtained a judgment against a penny stock promoter in connection with multiple pump-and-dump schemes. On November 17, 2014, the SEC charged Jay Fung and two others with orchestrating schemes to manipulate five penny stocks between November 2009 and September 2010. The complaint alleged that, as part of the manipulative scheme, Fung and the

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