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Post by portrush on Oct 29, 2010 15:30:34 GMT -5
This is a new rumor discussion thread. Manny asked me to clean up the other one because it had too much conversation NOT tied to the rumors. I decided it was easier to start a new thread.
Please keep your comments here related to the rumors only. Granted those can be "OT" at times as well--but we want this thread to be related to those issues.
Thanks for your compliance.
pr
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Post by Display Name on Oct 29, 2010 15:37:18 GMT -5
Well let's start with the rumor of thread 7121. Who wants to guess which plantiff share a letter from Al that they shouldn't have. Mods you can delete posts all day long, but don't give us grief for talking about. Again, who's the genius plantiff that had to go and blab?
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Post by whosurdaddy on Oct 29, 2010 15:38:53 GMT -5
WTF. What happen to Jeremiha's post?
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Post by MannyFin on Oct 29, 2010 15:45:23 GMT -5
I'm not the only one who got it. I DELETED IT, SO WHAT OF IT!!! IT DOESN'T MATTER WHO HAS IT, SHOULDN'T HAVE BEEN POSTED FOR PUBLIC VIEWING PERIOD..
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Post by jeremiah007 on Oct 29, 2010 15:48:38 GMT -5
Manny, I did not attack any mod. If you didn't like it fine, it's your place, but you yelling at me and acting like a horses rear isn't making it any better. Sorry.
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Post by MannyFin on Oct 29, 2010 15:55:20 GMT -5
Manny, I did not attack any mod. If you didn't like it fine, it's your place, but you yelling at me and acting like a horses rear isn't making it any better. Sorry. I RESENT THAT AND I WASNT YELLING AT YOU and don't call me a horses ass. Its my perogitive on what stays on this board and I felt that the letter was not for public!!!!
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Post by thematrix on Oct 29, 2010 15:57:27 GMT -5
The letter was most likely fake anyway
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Post by TallyHo on Oct 29, 2010 15:58:21 GMT -5
The letter was most likely fake anyway Not a chance......it read just like the World Report updates Hodges wrote. It's real IMO
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Post by MannyFin on Oct 29, 2010 16:02:29 GMT -5
I RESENT THAT AND I WASNT YELLING AT YOU and don't call me a horses ass. Its my perogitive on what stays on this board and I felt that the letter was not for public!!!! It wasn't for the public because it proves that Hodges is a nutjob, that's why. I'm done with this BS.......these conspiracy people are a bunch of whacked out lunatics. peace out board.......If you want to read it, hit me up on PM before my account gets deleted, or hit me up on Fish's Board under the same screen name. Dont let the door hit ya on the way out!!!
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Post by transversal on Oct 29, 2010 16:08:46 GMT -5
Doesn't anyone have a rumor?! Sunbeam? Help!
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Post by John Winston Lennon O'Boogie on Oct 29, 2010 16:22:39 GMT -5
Let all play together here... A rumor is just that..
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Post by John Winston Lennon O'Boogie on Oct 29, 2010 16:24:04 GMT -5
It's Friday, sit back and have a nice cold Heineken or 2,3,4,5,6
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Post by stockrich on Oct 29, 2010 16:24:06 GMT -5
Tally-Ho, what's the point?
That Hodges was really Christopher Story?
...or, at least feeding him story lines for his blog. I didn't see the letter so I don't know. I'm not sure what you're getting at. I will guess that maybe Saltydog was the shareholder, because something made him very angry about 6 weeks ago where Hodges had to calm him down, and get him back onboard.
Stockrich.
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Post by John Winston Lennon O'Boogie on Oct 29, 2010 16:27:47 GMT -5
Tally-Ho, what's the point? That Hodges was really Christopher Story? ...or, at least feeding him story lines for his blog. I didn't see the letter so I don't know. I'm not sure what you're getting at. I will guess that maybe Saltydog was the shareholder, because something made him very angry about 6 weeks ago where Hodges had to calm him down, and get him back onboard. Stockrich. Hey Stockrich.. Why don't you sit back and have a cold one... Al will let you know what's going on when he's ready.. WHEN HE'S READY.... OK..?
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Post by enoughalready on Oct 29, 2010 17:21:00 GMT -5
Steven Brewer? ==== U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 21715 / October 29, 2010
Securities and Exchange Commission v. Steven Brewer, Adam Erickson, Brewer Investment Group, LLC, Brewer Financial Services, LLC, and Brewer Investment Advisors, LLC, Case 10-cv-06932 (BMM) (N.D. Ill.)
SEC Obtains Asset Freeze and Preliminary Injunctions to Halt Offering Fraud by Chicago-Based Broker-Dealer and Investment Adviser
The Securities and Exchange Commission announced that, on October 28, 2010, it filed a civil action in the United States District Court for the Northern District of Illinois, Eastern Division, against Brewer Financial Services, LLC ("BFS"), a registered broker-dealer, Brewer Investment Advisors, LLC ("BIA"), a registered investment adviser, Brewer Investment Group, LLC ("BIG"), their parent holding company, and their managing principals/officers, Steven Brewer and Adam Erickson, for allegedly participating in a fraudulent offering of promissory notes. BFS, BIA, and BIG are based in, and Brewer and Erickson reside in, Chicago, Illinois.
The Complaint alleges that, from June 2009 through at least September 2010, the defendants raised approximately $5.6 million from 74 investors who invested in promissory notes issued by an Isle of Man company. Although investors were told that their money would be used to repay certain debts of the issuer's parent company, and thereby release assets that would be used to secure their promissory note obligations, the Complaint alleges that nearly all of the offering proceeds were transferred to BIG and its subsidiaries. According to the Complaint, in addition to misrepresenting the manner in which the offering proceeds would be used, the defendants failed to tell investors that BIG and its subsidiaries were in a precarious financial state. In addition to sustaining substantial operating losses from the inception of the offering through the present, BIG had failed to make required interest payments to investors by July 1, 2010, and had failed to meet its own payroll obligations by August 2010. The Complaint alleges that, notwithstanding, and without disclosing, this material information, the defendants continued selling promissory notes to new investors for at least three additional months. According to the Complaint, the note offerings were not registered with the Commission.
The Complaint claims that, based on this conduct, all of the defendants violated Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933, and Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act") and Rule 10b-5 thereunder. The Complaint also claims that BFS violated, and Brewer and Erickson aided and abetted the violation of, Exchange Act Section 15(c), and that BIA violated, and Brewer and Erickson aided and abetted the violation, Sections 206(1) and 206(2) of the Investment Advisers Act. On the Commission's motion, and upon the consent of all defendants, the Court issued Preliminary Injunctions and an Order Imposing Asset Freeze and Other Ancillary Relief ("Order") on October 29, 2010. Among other things, the Court's Order froze certain bank accounts of defendants BIG and BFS.
The Commission acknowledges the assistance of FINRA in this matter.
See Also: SEC Complaint
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