Wednesday 21 April 2010

Kenneth Marsh and Gryphon Holdings Inc: charged by the SEC!

Yes. Another day, another charge. I am absolutely convinced that the SEC and the FSA intend to charge everyone. Even you! So watch out!

Anyway. Kenneth E. Marsh. What do we know about him? Well, according to the SEC, Ken and his compadres were charging investors up to $250,000 for securities recommendations that they falsely claimed were based on 'sound research and successful strategies of trading experts with superior knowledge.' The SEC reckons these 'experts' did not exist. The full shit is here.

But you can see the problem, can't you? You can see why the cold earth wanderers at the SEC are so confused. Ken and the gang were obviously getting these tips from the ghosts of the dead financiers. Of course the SEC is going to say they don't exist! What does the SEC know about the other side?

Ken, mate, if you need any help in court, get in touch, yeah?