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The SEC and Mr. Orange

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6

October 17, 2007 – Comments (1)

Can't a guy dupe millions of people into taking lousy loans, pump his stock, then dump the shares on the market ... er... "diversify" himself, without the SEC coming a knockin? Guess not...

Here's a brain twister. SEC source says it's been doing this for a while. If that's true, you figure they've asked Mr. Orange about it? If they have, why hasn't he bothered to tell investors?

1 Comments – Post Your Own

#1) On October 18, 2007 at 9:51 AM, TMFHelical (98.75) wrote:

Depends - I think you have to spell out specifically in the 'prior trading arrangement' documents that your goal is to fleece investors.  Then it should be OK.

Zz

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