alan, copy of a post sent to me from the IPIX S
Post# of 72447
(Total Views: 404)
Posted On: 10/18/2019 9:00:53 AM
alan,
copy of a post sent to me from the IPIX SMB on the vehicle of choice for OTC stock manipulation
as i've noted for those who've paid attention .. NRs' playbook in 2019
is both dated and tired .. tellingly it hasn't changed much from 2010
some may recall that site .. deemed Finra's DRS %s as Off Topic when Finra's
link first went live ( Feb 2010 ) .. this was because *embedded crews and NRs'
minions' required *time* to trot out new talking points .. on specific OTC targets
that took about 6 months .. who can forget the years of *NRs' retail CONditioning*
that there was no such thing as any entity shorting an OTC *equity* (forget the
fact of NR abusively shorting any OTC equity) .. that was just one decade back
remember too .. just a year ago the *effort* by an embed about DRS%s *here*
always telling to see Non Retail *conflate* a targeted OTC company & stock
with an exchange traded stock (Apple/J&J noted recently)
there is no comparison to be made .. it is like comparing Apple to Oranges .. the only comparison is both fall into the *fruit* category
equities on the OTC do not compare to exchange traded equities .. no matter how many times *embeds try to blur reality*
as NRs' *efforts* get exposed .. more and more become aware
NRs' trolls and embeds utilize a tactic of repetition to condition by rote ..
repeat something enough times .. it becomes *reality* for some of the public
that is why SMBs can be *revealing* .. when an OTC target outlasts NRs' efforts
and does so without blowing out their I/O .. what you see with a significantly
UPSIDE DOWN NR .. is an SMB (vehicle of choice for OTC stock manipulation is a perfect example) .. with posts that are far more *negative*
than positive .. let alone neutral .. sometimes it is worth noting those %s .. i tend
to work off of 250 posts (5 pages) re: CONtent and percentages
it's also why it's worth noting when *efforts* come here .. in relation to what NR
is forced to do re: hidden trades and DRS %s .. to say nothing of what *volume*
shows (daily/weekly/monthly/YTD/YOY)
below is the tip of the iceberg (or as i call it .. SEC's *effort* re: low hanging fruit)
SEC Charges 18 Traders in $31 Million Stock Manipulation Scheme
FOR IMMEDIATE RELEASE
2019-216
Washington D.C., Oct. 16, 2019 —
The Securities and Exchange Commission has filed an emergency action and obtained an asset freeze against 18 traders in a scheme to manipulate more than 3,000 U.S.-listed securities for over $31 million in illicit profits.
The SEC alleges that the traders, who are primarily based in China, manipulated the prices of thousands of thinly traded securities by creating the false appearance of trading interest and activity in those stocks, thereby enabling them to reap illicit profits by artificially boosting or depressing stock prices. For example, according to the SEC's complaint, the traders used multiple accounts to place several small sell orders to drive down a stock’s price before using a different set of accounts to buy larger amounts of the stock at the artificially low prices. After accumulating their position, the traders then flipped the script and placed several small buy orders to push up prices so they could then sell their stock at artificially high prices.
"We allege that defendants engaged in an extensive manipulation scheme and went to great lengths to evade detection, placing trades in over one hundred separate accounts at several different brokerage firms and submitting falsified documents to open new accounts in the names of others," said Joseph G. Sansone, Chief of the SEC's Market Abuse Unit. "Despite their efforts, the SEC staff was able to uncover the connections between these seemingly unrelated accounts and expose the defendants' coordinated pattern of illicit trading."
In a parallel action, the U.S. Attorney's Office for the District of Massachusetts announced criminal charges against two of the traders, Jiali Wang and Xiaosong Wang.
The SEC's complaint filed in federal court in Boston and unsealed today, charges the traders with violating and aiding and abetting violations of the antifraud provisions of the securities laws. In addition to the asset freeze and other emergency relief obtained, the SEC seeks disgorgement of ill-gotten gains plus interest, penalties, and injunctive relief.
The SEC's investigation was conducted by Andrew Palid and Michele T. Perillo of the SEC's Market Abuse Unit in the Boston Regional Office with assistance from John Marino of the Market Abuse Unit, and was supervised by Mr. Sansone. The litigation will be led by Eric Forni of the Boston Regional Office and Mr. Palid. The SEC appreciates the assistance of the U.S. Attorney's Office for the District of Massachusetts, the Federal Bureau of Investigation, and the Financial Industry Regulatory Authority.
https://www.sec.gov/news/press-release/2019-216
original link courtesy of thepennyguru
Read More: https://investorshangout.com/post/view?id=556...z62i62mHpc
4kids
Pleased to see the SEC taking action and actually bringing criminal charges. Are you going to post this on IPIX?
Alan
copy of a post sent to me from the IPIX SMB on the vehicle of choice for OTC stock manipulation
as i've noted for those who've paid attention .. NRs' playbook in 2019
is both dated and tired .. tellingly it hasn't changed much from 2010
some may recall that site .. deemed Finra's DRS %s as Off Topic when Finra's
link first went live ( Feb 2010 ) .. this was because *embedded crews and NRs'
minions' required *time* to trot out new talking points .. on specific OTC targets
that took about 6 months .. who can forget the years of *NRs' retail CONditioning*
that there was no such thing as any entity shorting an OTC *equity* (forget the
fact of NR abusively shorting any OTC equity) .. that was just one decade back
remember too .. just a year ago the *effort* by an embed about DRS%s *here*
always telling to see Non Retail *conflate* a targeted OTC company & stock
with an exchange traded stock (Apple/J&J noted recently)
there is no comparison to be made .. it is like comparing Apple to Oranges .. the only comparison is both fall into the *fruit* category
equities on the OTC do not compare to exchange traded equities .. no matter how many times *embeds try to blur reality*
as NRs' *efforts* get exposed .. more and more become aware
NRs' trolls and embeds utilize a tactic of repetition to condition by rote ..
repeat something enough times .. it becomes *reality* for some of the public
that is why SMBs can be *revealing* .. when an OTC target outlasts NRs' efforts
and does so without blowing out their I/O .. what you see with a significantly
UPSIDE DOWN NR .. is an SMB (vehicle of choice for OTC stock manipulation is a perfect example) .. with posts that are far more *negative*
than positive .. let alone neutral .. sometimes it is worth noting those %s .. i tend
to work off of 250 posts (5 pages) re: CONtent and percentages
it's also why it's worth noting when *efforts* come here .. in relation to what NR
is forced to do re: hidden trades and DRS %s .. to say nothing of what *volume*
shows (daily/weekly/monthly/YTD/YOY)
below is the tip of the iceberg (or as i call it .. SEC's *effort* re: low hanging fruit)
SEC Charges 18 Traders in $31 Million Stock Manipulation Scheme
FOR IMMEDIATE RELEASE
2019-216
Washington D.C., Oct. 16, 2019 —
The Securities and Exchange Commission has filed an emergency action and obtained an asset freeze against 18 traders in a scheme to manipulate more than 3,000 U.S.-listed securities for over $31 million in illicit profits.
The SEC alleges that the traders, who are primarily based in China, manipulated the prices of thousands of thinly traded securities by creating the false appearance of trading interest and activity in those stocks, thereby enabling them to reap illicit profits by artificially boosting or depressing stock prices. For example, according to the SEC's complaint, the traders used multiple accounts to place several small sell orders to drive down a stock’s price before using a different set of accounts to buy larger amounts of the stock at the artificially low prices. After accumulating their position, the traders then flipped the script and placed several small buy orders to push up prices so they could then sell their stock at artificially high prices.
"We allege that defendants engaged in an extensive manipulation scheme and went to great lengths to evade detection, placing trades in over one hundred separate accounts at several different brokerage firms and submitting falsified documents to open new accounts in the names of others," said Joseph G. Sansone, Chief of the SEC's Market Abuse Unit. "Despite their efforts, the SEC staff was able to uncover the connections between these seemingly unrelated accounts and expose the defendants' coordinated pattern of illicit trading."
In a parallel action, the U.S. Attorney's Office for the District of Massachusetts announced criminal charges against two of the traders, Jiali Wang and Xiaosong Wang.
The SEC's complaint filed in federal court in Boston and unsealed today, charges the traders with violating and aiding and abetting violations of the antifraud provisions of the securities laws. In addition to the asset freeze and other emergency relief obtained, the SEC seeks disgorgement of ill-gotten gains plus interest, penalties, and injunctive relief.
The SEC's investigation was conducted by Andrew Palid and Michele T. Perillo of the SEC's Market Abuse Unit in the Boston Regional Office with assistance from John Marino of the Market Abuse Unit, and was supervised by Mr. Sansone. The litigation will be led by Eric Forni of the Boston Regional Office and Mr. Palid. The SEC appreciates the assistance of the U.S. Attorney's Office for the District of Massachusetts, the Federal Bureau of Investigation, and the Financial Industry Regulatory Authority.
https://www.sec.gov/news/press-release/2019-216
original link courtesy of thepennyguru
Read More: https://investorshangout.com/post/view?id=556...z62i62mHpc
4kids
Pleased to see the SEC taking action and actually bringing criminal charges. Are you going to post this on IPIX?
Alan
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