IMO I think this Scottsdale action by the SEC has much wider implications on the OTC world.
IMO This is the source of much of the off shore OTC stock manipulation that has occurred in recent years.
(*Just my Opinion)
None the less a huge bad player who has profited countless millions of dollars has been removed from the OTC manipulation game.
FINRA fines Scottsdale Capital $1.5-million (U.S.)
2017-04-12 10:42 ET - Street Wire
Also Street Wire (U-VPLM) Voip Pal.com Inc
by Mike Caswell
The Financial Industry Regulatory Authority has imposed a $1.5-million penalty on Arizona brokerage Scottsdale Capital Advisors Corp. and has permanently banned its owner, John Hurry. (All figures are in U.S. dollars.) FINRA found that Scottsdale facilitated the sale of tens of millions of unregistered shares in penny stocks while ignoring indications that insiders were behind the sales.
IMO This is the source of much of the off shore OTC stock manipulation that has occurred in recent years.
(*Just my Opinion)
None the less a huge bad player who has profited countless millions of dollars has been removed from the OTC manipulation game.
FINRA fines Scottsdale Capital $1.5-million (U.S.)
2017-04-12 10:42 ET - Street Wire
Also Street Wire (U-VPLM) Voip Pal.com Inc
by Mike Caswell
The Financial Industry Regulatory Authority has imposed a $1.5-million penalty on Arizona brokerage Scottsdale Capital Advisors Corp. and has permanently banned its owner, John Hurry. (All figures are in U.S. dollars.) FINRA found that Scottsdale facilitated the sale of tens of millions of unregistered shares in penny stocks while ignoring indications that insiders were behind the sales.
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