Soreide Law Group has filed several FINRA arbitration claims against financial advisors who were allegedly involved in a 'pump-and-dump' scheme involving shares of Cubed, Inc., The Staffing Group Ltd., CodeSmart, and StarStream Entertainment Inc. In a 'pump-and-dump' scheme, the broker/financial advisor pumps up the price of the stock to their clients to give the appearance […]

On June 5, 2013, the Securities and Exchange Commission (SEC) charged that Laidlaw Energy Group was targeted in an SEC trading suspension involving questionable penny stocks, and also charged the CEO, Michael B. Bartoszek, who allegedly profited from selling his shares while investors were unaware of the company's financial struggles. According to Reuters, Laidlaw Energy […]

The SEC, Securities and Exchange Commission, and FINRA, the Financial Industry Regulatory Authority Inc. warned investors yesterday that e-mail spam designed to dupe investors into “pump-and-dump” stock offerings is increasing. "Pump-and-dump" is defined as "an illegal practice in which investors attempt to artificially inflate the price of a stock by disseminating inaccurate or misleading information. […]