CA lawyer charged with FRAUD for his opinion mill

Posted by Alex Roweon Fri, Mar 08, 2013 @ 01:31 PM

The Securities and Exchange Commission has charged a California based lawyer, Brian Reiss, with selling fraudulent legal opinion letters through his website. These documents were issued to transfer agents on behalf of holders, to lift restrictions on stocks to be freely traded again.

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Tags: brian reiss, Securities and Exchange Commission, photoshop, 144, stock market, fraud, SEC, reiss

Potential $1.7 mil. deal from insider trading of Heinz Stock

Posted by Alex Roweon Wed, Feb 20, 2013 @ 03:38 PM

The FBI and Securties and Exchange Commission are investigating illegal trading of Heinz (HNZ) stock, red flagged by a large purchase on 2/13/13 from a dormant Swiss account just one day before Heinz was bought by Warren Buffet’s Berkshire Hathaway (BRK.A) and 3G Capital. This acquistion was a $28 billion deal, which increased Heinz’s stock value by 20% in one day.

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Tags: Berkshire Hathaway, Securities and Exchange Commission, stock market, Acquisition, heinz, fraud, SEC, federal investigation, insider trading, 3G Capital

AECo and more have trading suspended by SEC.

Posted by Alex Roweon Tue, Feb 12, 2013 @ 10:44 AM

The Securities and Exchange Commission has released news of its temporary suspension of trading in the securities of America’s Energy Company – AECo. The decision was based off a lack of filing of periodic reports set forth in the Securities Exchange Act of 1934. Brokers, dealers and shareholders are advised to beware that the AECo may give no quotes until they have provided the commission with the reports they have requested. To read more about this topic and who to contact with questions click here, and to see a list of other companies which have also been suspended- click here.

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Tags: audit, Securities and Exchange Commission, trading, brokers, shareholders, stock market, Securities Exchange Act, fraud, SEC, federal investigation, audit deficiency, stock, AECo, American's Energy Company