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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed
MTEI 0.004300.0%Jan 8 9:30 AM EST
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To: T L Comiskey who wrote (10631)10/13/1998 6:54:00 AM
From: wesleo  Read Replies (2) of 11684
 
To all,
Has anyone ever been involved in a SEC investigation before? Once the SEC determines if there is evidence of fraud, do they investigate all parties involved from the former owners to the present owners to the transfer agents? Do they check the trading logs of all of these people and other people who they could have given insider info to, such as close friends and relatives? Do they check the banking records of all of the above to see if large amounts of money were moved around during the time in question? Do they have the resources to follow the money trail, even to off shore accounts? With the advent of the internet, do they check the stock boards for evidence of inside info (heavy buying) before a stock starts to move, and then pumping? If they determine a ‘pump and dump' do they check the trading and banking records of the pump and dumpers? Who is within their scope and who would be outside of their scope of investigation? If they do all of the above and determine wrong doing by certain individuals, including the pump and dumpers, who is eligible for disgorgement or criminal punishment? All of them or only the company officials? When there is disgorgement, do the people who were scammed get their money back? Does the SEC request trading records from the scammed to determine losses? I read of a case zekel (RagingBull) posted recently where, if I recall correctly, tens of millions of dollars were disgorged from certain individuals involved in a stock scam. If only we could be so lucky.
WesB
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