In the last 48 hours or so, my US government email account has received 80-100 emails promoting BCLC stock and some stock with China in its name. It is disrupting my work and clogging my email and slowing up my computer.
PLEASE take whatever steps are necessary to eliminate this problem. Those engaging in this deceptive practice should be charged and prosecuted with fraud, harassment, and maliscious interference, or whatever charges can be applied.
I fully support: Pink Sheets' proposed solution:
Pink Sheets has proposed that the SEC adopt a new rule that provides for full disclosure of the identity, compensation and relationships of all participants (i.e., issuers, sponsors, third party promoters, etc.) directly or indirectly engaged in the promotion of stocks in the over-the-counter (OTC) market and that targets the explosion of misleading spam email and fax promotions on OTC stocks and provides for increased transparency and effective disclosure to protect investors from "pump and dump" promotion schemes. The full rule change request is available for you to read at:
"We believe that putting these straightforward requirements in place will enable investors to easily identify fraudulent stock promotions and unveil the miscreants who engineer them. Any company that does not have current information available has no business promoting its securities, since investors cannot make reasonable investment decisions in an information vacuum. By cutting off the ability of promoters, sponsors and affiliated parties to dump these stocks into the market, the rule will render fraudulent promotions unprofitable and set the stage for legitimate small company issuers to deliver information to the marketplace," said Cromwell Coulson, President and CEO of Pink Sheets, LLC.
Ms. Nancy Morris
Secretary, Securities Exchange Commission 100 F Street NE Washington, D.C. 20549
U.S. Patent and Trademark Office