Daily Archives: December 1, 2014, 12:49 pm

Fraudsters target pot stocks — POLITICO

Companies selling marijuana products and spinoff businesses associated with its distribution have tapped the public stock markets. They provide an easy target for fraudsters looking to convince gullible investors there is gold in weed. “Right now, the flavor of the day is marijuana,” said Thomas Sporkin, who spent 20 years at the Securities and Exchange Commission’s enforcement division and is…

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Get the SEC Out of the PR Business – WSJ

Press releases are par for the course when the Securities and Exchange Commission files a case in federal court that it must later prove to a judge or jury. But the agency is increasingly shunting cases into its own administrative proceedings, where it initiates the prosecution and ultimately decides guilt or innocence—along with the severity of any sanctions—subject to only…

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