Tag Archives: unregistered transaction

SEC Charges Canadian Stock Promoter With MicroCap Market Manipulation

Last Friday, the SEC announced fraud charges against a Canadian man behind an alleged scheme to manipulate the shares of a penny stock. The SEC’s complaint alleges that Micheal A. Skerry, of New Westminster, British Columbia, Canada, illegally profited by manipulating the price and demand of Success Holding Group International, Inc. (OTC: SHGT), a penny stock whose securities were quoted on

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