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September 14, 2015

Posted  January 28, 2016

The SEC charged three men with attempting a pump-and-dump scheme that was thwarted by the SEC’s preemptive action to suspend trading in the company’s securities before secretly-controlled shares could be dumped on unsuspecting investors.  The SEC’s complaint alleges that the three men schemed to conceal their control over 40 million shares of Endeavor Power Corp. and artificially inflate Endeavor’s share price through manipulative trading and a campaign of misinformation.  The scheme was thwarted when the SEC suspended trading in Endeavor’s securities on March 8, 2013.  SEC

Tagged in: Market Manipulation and Trading Violations, Misrepresentations, Securities Fraud,