Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Amazon Natural (AZNT) -- Ignore unavailable to you. Want to Upgrade?

To: Dean Dumont who wrote (3379)	9/2/1998 6:14:00 PM
From: Janice Shell	Read Replies (2) \| Respond to of 26163

Are they by any chance actually a Canadian company?

To: Dean Dumont who wrote (3379)	9/2/1998 11:26:00 PM
From: Arcane Lore	Read Replies (1) \| Respond to of 26163

Canadians are not allowed to solicite in the US for investors. WellRich went out of business on May 21,1997. After Peter Shurer left. And they were doing business after that and the State of California S.E.C shut them down in September 1997, because they were acting as a broker dealer. The investors were all US investors. If I were an investor i'd be calling the NASD and the S.E.C to see if their representations were correct and accurate. A search of NASD Regulation yields no hits for "Wellrich". I didn't expect there would be any - as has already been pointed out, they have no association with the NASD. They are, of course, subject to SEC enforcement actions. However, a search of the SEC site also yielded no mention of any enforcement action against Wellrich. The "California SEC" unfortunately doesn't have a search tool for their enforcement actions (they do have a 'news' page, but it only contains 1998 enforcement actions). However, if anyone wishes to follow-up with them, here is a web page with information on how to contact the California Department of Corporations: corp.ca.gov <off topic> Including my personal favorite: corp.ca.gov