A Mark Faulk Roanoke "shortselling scam" classic:
Roanoke Technology Corp (OT: RNKE)
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By: Faulkhill
08 Jun 2004, 04:37 PM EDT
Msg. 49508 of 98621
(This msg. is a reply to 49507 by Faulkhill.)
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Personally, I think that something is going on with the shortselling scam. The bid/ask spreads on a bunch are getting pretty extreme, and the prices are ridiculously erratic. Something is up. JMO.
ragingbull.quote.com
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U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 19873 / October 17, 2006
SEC v. Roanoke Technology Corp., et al., Case No. 6:05-cv-1880-Orl-31KRS (M.D.Fla.)
Judgment of Permanent Injunction and Other Relief Entered Against Defendant Roanoke Technology Corp.
The Securities and Exchange Commission ("SEC") announced that on September 27, 2006, the Honorable Gregory A. Presnell United States District Judge for the Middle District of Florida entered a Final Judgment of Permanent Injunction and Other Relief against Defendant Roanoke Technology Corp. ("Roanoke"). The Judgment, entered with the consent of Roanoke, without admitting or denying the allegations of the SEC's complaint, enjoins the company from violations of Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933, Sections 10(b) and 13(a) of the Securities Exchange Act of 1934, and Rules 10b-5, 12b-20 and 13a-13 thereunder. In addition, the Judgment dismisses the disgorgement and civil penalty claims against Roanoke.
The SEC commenced this action by filing its complaint against Roanoke, among others, alleging the defendants violated the registration, anti-fraud, and reporting provisions of the federal securities laws.
For additional information, see Litigation Releases No. 19511 (December 22, 2005) and 19818 (September 1, 2006).
sec.gov |
