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-----Original Message-----
From: Ernest Cespedes <demoman@xxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, October 29, 1998 11:04 AM
Subject: [Fwd: Investors Deceived / SEC charges 44 people]
>John Wesley Savage and Princeton Research, Inc. touted the stocks of seven
different companies while receiving 276,500 shares and 75,000 options from
those companies. Savage and Princeton also lied about the financial
condition of two of the issuers. Simultaneous with the filing of the
complaint, Savage and Princeton consented, without admitting or denying the
SEC's allegations, to the entry of a permanent injunction and payment of a
civil penalty of $40,000. (SEC v. John Wesley Savage, et al.)
>
It's to bad that the penalty is less than the cost of a postcard
stamp per share. With such ridiculously low penalties and huge profits this
guy will be back to work in another town in about a week.
Good luck and good
trading,
Ray Raffurty
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