US SEC Charges Two Canadians In Penny-Stock-Selling Scheme - WSJ.com
These guys were buying up traffic everywhere. Watch your p's and q's.
These guys were buying up traffic everywhere. Watch your p's and q's.
SEC Charges 2 people in Penny Stock Scheme
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holy shit no wonder offers are being paused left and right. can someone post the entire story. too bad dont have WSJ membership
from tfa --
really? so if you shout "Run west!" whilst running east, you can have your assets frozen?
basically they were sending emails to their subscribers saying "SELL XXX stock" and once it falls they buy them or Buy XXX stock and they sell those to these very subscribers.
good easy way to make money isnt it? i always wonder how these penny stock newsletters make money?
ololol yeah, all 3 ads are penny stock.
wtf @ the charge to read the article. you can copy/paste the title or part of the article into google and you'll find it for free elsewhere.
Oh great maybe some of us running legit investments offers can think about Google Adwords.
Or maybe not. For every one of us guys running investment sites with paid memberships and posting legit portfolios, there are twenty sites pushing stocks with paid articles. In Vancouver guys are getting $3k easy to push pablum in some sectors (cough gold cough). All legit as long you put a disclaimer at the end of the ad copy.
Oh well, whitehats sleep well at night, I guess. And our lawyer fees are waay less.
Or maybe not. For every one of us guys running investment sites with paid memberships and posting legit portfolios, there are twenty sites pushing stocks with paid articles. In Vancouver guys are getting $3k easy to push pablum in some sectors (cough gold cough). All legit as long you put a disclaimer at the end of the ad copy.
Oh well, whitehats sleep well at night, I guess. And our lawyer fees are waay less.
Running in any direction has nothing to do with securities fraud. Buying and selling shares does.
This isn't a question of whether you agree or not with the laws. It's a matter of if or not the law was violated.
apparently penny stock chaser website is down and out of business? I always wonder how penny stock newsletters make money? can someone enlighten me? is this the same way to make money like these guys did?
If you check the term and conditions and small type at the bottom of a lot of these investments articles, they will state that it's a paid article. So company X paid some guy with a mailing list of XXXXXX investors to send out the article.
As long as the fine type says it's a paid article, it's legit. Sorta gray, but legit.
The black stuff is what those guys were doing. Get a stock dirt cheap, pump it up, tell everybody to buy when they were selling. The OTC guys are notorious for that crap.
Sorta dumb to do black when there is lotsa money in gray. Or even good money in white, (as long as you're patient).
Be patient;
Build trustworthy authority;
And you can make money with subscriptions like Timothy Sykes.
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http://www.timothysykes.com/
I don't get what's wrong with "pump and dump." If people are dumb enough to buy in to investment newsletters then they get what is coming to them and then presumably learn their lesson...
Edit: oh right, I'm one of those "free market" guys... never mind.
Edit: oh right, I'm one of those "free market" guys... never mind.
YEAH!
Plus Goldman did it w/ the housing market and livelihoods of millions of Americans....
oh wait.
Everyone, as in all Americans?
These guys are from Montreal, the boiler room capital of North America.