About Stock Investigation Research Society
SIRS was founded out of the need for an international organization, which can conduct investigations in every country to help close down unregistered brokerage firms using “boiler room” tactics, help law-enforcement agencies seize assets, and assist those agencies and governments in the repatriation of funds to the scam victims.
An additional role for SIRS is to act as both a support group for scam victims and to bring to light the problem with the existing loopholes in international trade of securities and lobby for changes by the world governments to close these loopholes.
Letter from the Founder, James B. Martin
I was the founder, president, and CEO of a 2-year old startup software development company. The company was trying to build a software program that provided 26 levels of metrics to determine the true performance and health of a company. An offshore investor had a US legal firm issue Regulation 504 (Reg. S) stocks without my authorization, and proceeded to sell these bogus stocks to overseas investors. I discovered that there was no way to remove the stock from the exchange. I also discovered I was not the only one susceptible to this fate. Since neither the perpetrator nor the victims were in the US, no government agency had jurisdiction over the matter. This jurisdiction loophole in the international securities exchange agreements has led to a booming fraud industry, which brings in an excess of a billion dollars annually.
Hearing from overseas victims from over 25 different countries who had lost their life savings, their retirement funds, mortgaged against their house, or lost their children's college funds, it was apparent that the only way to combat this growing problem was to inform and bring to light fraudulent stock activities - hence, the formation of the Stock Investigation Research Society (SIRS).
Home | Current Activities | Reporting | About SIRS | Warnings | Contact | News | Links
evid.com.au |
