On Feb. 11, 2015, the SEC charged five entities with the offering and selling of unregistered penny stocks. First issued on Feb. 6, 2015, the complaint is against Cayman Islands-based, Caledonian Bank Ltd. and Caledonian Securities Ltd., Belize-based, Clear Water Securities, Inc. and Legacy Global Markets S.A., and Panama-based, Verdmont Capital S.A. It alleges that the five entities sold over $75 million in illegal securities from four shell company issurers, namely, Swingplane Ventures (OTC BB: SWVI:), Goff Corp. (OTC: GOFF), Norstra Energy Inc. (OTCMKTS: NORX) and Xumanii, Inc (OTC: XUII). To read the original press release click here.
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