Wall Street

Online Stock Market Trading by Hartley Bernstein

— related firm or individual, do your own independent research to check out their background and confirm whether they are legitimate. step tips and links to helpful websites, please read Check Out Brokers and Advisers and SIPC Exposes Phony " Alike" Web Site. related scams to the SEC using the SEC's online Complaint Center.

Stock Investing Course The SEC continues to target penny stock schemes.If you would like to receive late breaking business news covered by AXcess News then you need to subscribe. Membership is free.

— mail box, be sure to tell the company right away. You can also report the scam to the FBI's Internet Fraud Complaint Center at www.IFCCFBI.com. mail purports to come from a brokerage firm or mutual fund company, be sure to pass along that tip to the SEC' mail to enforcement@sec.gov.

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how to satisfy the incessant demons on Wall Street to support the stock price. Yesterday on Seattle' the UW's campus public radio station, the naive thought Starbucks needed to spend more on social justice, its baristas, etc. etc. All these ideas spend money rather than return profit. All drive down the stock price. That's not Howard's mission today.

Stock Investing Game June 19, 2005 (AXcess News) New York - The SEC continues to target penny stock schemes. On May 31, 2005, the Commission obtained a preliminary injunction in California federal court, enjoining: George A. Todt of Malibu, California; Sutra Management Corporation; Jeffrey H. Evans of Napa, California; Jetco, LLC; Ray J. Slaback of Dakota, Minnesota; Tempo Financial, Inc.; STB Chip Company; SutraTel Kiosk Corporation (f/k/a Urban Transfer Systems, Inc.);
Lonisson Communications Corporation; Sutra Group, LLC; and PageOne Business Productions, LLC from violating federal securities laws. The Court Order granting that injunction also prohibited Todt, Sutra Management, Sutra Group, PageOne, Evans, Jetco and Slaback from participating in penny stock offerings.

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Journal Prime Rate Street Wall According to the Commission's complaint, Todt was central to two fraudulent schemes. In the first, which occurred from March 2003 through at least October 2004, Todt and others allegedly inflated the price of Quality of Life Health Corporation (QLHC) stock by issuing press releases that claimed, falsely, that QLHC owned approximately $60 million worth of assisted living facilities. Those claims apparently were echoed on the QLHC website. The SEC says that Todt and others profited from increasing stock prices as investors responded to the phony information by buying QLHC shares. Todd allegedly pocketed at least $800,000 in profits by trading QLHC shares through a nominee account and by splitting profits with traders who received their QLHC stock through Todt.

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Stock Market News The second scheme, which began around November 2004 and was still ongoing when the SEC sought the preliminary injunction in this case, purportedly centered on efforts to evade securities registration requirements and issue unregistered securities of four penny stock companies quoted on the Pink Sheets - Tempo Financial, Inc., STB Chip Co., SutraTel Kiosk Corp. (f/k/a Urban Transfer Systems, Inc.) and Lonisson Communications Corp.Once again, Todt allegedly disseminated false and misleading information in order to create a buzz for the four penny stocks and boost their share prices. This time, again according to the SEC, Todt and his cohorts also attempted to manipulate the market for shares in three of the companies. On March 28, 2005, the Commission entered orders suspending trading in all four of the penny stock companies. At the time, the SEC said that it was issuing the suspensions because questions had arisen concerning market manipulation and the improper distribution of securities.

Stock Investing Basics Source: Stockpatrol

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