ECU/AUMN/Regulators-... to my world....
posted on
Mar 08, 2013 11:41AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Below, is the last set of complaints I fired off to the IIROC regarding suspcious/fraudulent/manipulative trading practices in ECU, prior to the merger. In all, I believe I sent 12 separate formal complaints dating back from 2008-2011. What some of you are now seeing and commenting on with regards to AUMN has consistently existed for many years. Like the CFTC silver manipulation investigation, I think they are still working on it (sic).
Silverbull50
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Sirs,
Would you please acknowledge receipt of my complaint regarding suspicious trading of ECU Silver Mining, Inc.?
Here is another example just retrieved from Stockwatch in which 4 separate firms place simultaneous orders to sell ECU at C$.84 @ 12:54pm.
Thank you,
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Sent: Monday, July 18, 2011 1:56 PM
To: 'inquiries@IIroc.ca'
Subject: Manipulative Trading of ECU Silver Mining, Inc.
Regulators,
Can you please explain to me how the following two examples of trading on July 13th and 14th do not violate Ontario and Quebec Securities Laws against manipulation?
Sincerely,
.... 13 new sell orders placed simultaneously at C$.92 @ 12:05 involving three different houses (Anon-1, CIBC-79, Jitney-99--of course, the usual suspects). All appeared right after the stock traded up to the day's high at C$.93.
195,500 |
178,675 |
0.914 |
24,000 |
21,710 |
0.905 |
171,500 |
-156,965 |
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An entity using four separate houses (Anon/ML/CIBC/Jitney) to post a composite 53,000 share offer at exactly 13:55 EDT.
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