The Fraud Industry part 2: Reverse mergers are scams + shady transfer agents

The SEC has a bunch of rules that make it more annoying to run a pump and dump.  This has spawned a mini-industry of professionals who help pump and dumpers exploit the loopholes in those rules targeting reverse mergers, which is the most common vehicle for pump and dumps to be listed.

The sketchy transfer agents will publish guides on their website about what they are and aren’t willing to do when it comes to their clients getting around regulations such as Rule 144.

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