Who said they weren't a big deal? Can you even rea
Post# of 7795
You and the other bird "alleged" they were levied because it was somehow criminal. It's not. It's a process disagreement with FINRA. Instead of writing the procedures they require brokers to. A useless bureaucrat comes in and says you did something wrong and you must pay the piper. It's just a shake down MO created by The Swamp.
It's was NOT criminal, but yes any fine is serious. Wasn't the last one Spartan got months BEFORE Kyle said they were on the wreck 736 days ago?
I have said if Micah did something wrong he should be held to account. I won't come to such a conclusion based on something you and the other LIBELOUS love bird "allege" on a forum.
Had Micah said they had 2 of 3 items or they had a complete transition to a recovery permit I would have called him out if it wasn't true.
If he were so stupid he would search for a Spanish treasure galleon without first reaching an agreement with Spain, I would call him out.
If he had said 736 days ago they were on the Pulaski and had only pulled up 40 spikes, I would have called him out.
Had he been sued by the SEC and settled........well, you know. Notice the word FRAUD.
SEC INSTITUTES SETTLES ADMINISTRATIVE PROCEEDINGS AGAINST KYLE KENNEDY FOR
HIS ROLE IN INVESTMENT RECOVERY NETWORK, INC.'S OFFERING FRAUD
See the 4th proceeding at the link below and you'll see this. Kyle's is the 3rd, but this is what occured.
Quote:
The Commission's complaint, filed in federal district court in Tampa,
alleges that beginning in 1999, Magnan and Investment Recovery
fraudulently raised more than $3 million in several unregistered
offerings of Investment Recovery stock. In connection with the offering
of Investment Recovery stock, Magnan and Investment Recovery failed to disclose Magnan's regulatory and criminal background, disseminated
written offering materials that contained financial projections that
lacked a reasonable basis, made baseless predictions about the future
price of Investment Recovery's stock, and led investors to believe that
Investment Recovery would sell its shares to the public through an IPO
within a specified period of time at a certain price. Many of these
misrepresentations were strikingly similar to the fraudulent conduct
detailed in the Commission's 1995 Order that barred Magnan from
associating with any broker or dealer.
https://www.sec.gov/news/digest/dig022603.txt
Hypocrite?
Amusing