How to Get
Hit_______________________________________________________
If
you commit 17(b) violations in connection with a pump and dump
scheme, particularly one involving fraud, and especially where you
knew, should have known, or have reason to suspect fraud, you are
setting up a case against you.
You
can get cited for violating 17(b) if you are not specific as
to the source and amount of the consideration you received. This
includes the type of consideration (cash, stock or combination of
cash and stock). You should also say if the consideration has been
paid or will be paid or is contingent in some way.
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