Overseas Stock Manipulator Settles SEC Charges

The Securities and Exchange Commission today announced that an overseas stock manipulator has agreed to pay nearly $800,000 and be permanently barred from involvement in penny stocks after hiding his significant stake in a small oil & gas company while secretly funding a fraudulent promotional campaign that artificially boosted the company’s stock price before he dumped his shares.

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Sallah Astarita & Cox have decades of experience in the representation of investors and financial professionals in SEC investigations and enforcement proceedings, including insider trading and manipulation cases. Give them a call at 212-509-6544 to see if they can help you.

The Securities Lawyer