jongrose Posted November 12, 2006 Share Posted November 12, 2006 Daily I generally receive around 5-10 emails with penny stock picks, which include the same stock ticker symbol, that are used as pump and dump schemes. They are usually pink sheet stocks, but sometimes they aren't. For example, today was MXXR (source) and yesterday it was CNPM (source). I always forward my reports to the FTC's spam address: spam[at]uce.gov. Whether that does any good, I don't know. However, doesn't the SEC have any interest in these frauds? From what I've been seeing recently, it seems that these types of emails have become more frequent, at least to my knowledge, but I haven't heard of anyone being prosecuted for these types of crimes. The only place I found that seems to have an interest in gathering reports of p&d stock frauds is at junkfax.org where you can input the symbol, along with your info, in case you want to make a complaint. What they do with the data, I have no idea. But, it seems like there would be a lot more enforcement against this. Does anyone know more about it or any govt agency that takes interest in these types of things? Link to comment Share on other sites More sharing options...
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