SEC Accuses Investment Adviser Of Lying About Stocks

Law360, New York (December 12, 2011, 4:34 PM EST) -- The U.S. Securities and Exchange Commission filed suit Monday in Massachusetts federal court against National Financial Communications Corp., an investor relations firm that allegedly misrepresented the strength of certain small companies in order to induce customers to purchase securities in them.

The SEC alleges that NFC and principal Geoffrey J. Eiten — “self-proclaimed 'America's leading micro-cap stock picker'” — made the material misrepresentations through mass mailings and spam distributions of so-called OTC Special Situations Reports that “promote in glowing terms” the prospects of the target companies...
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Case Information

Case Title

Securities & Exchange Commission v. Eiten et al

Case Number




Nature of Suit



George A. OToole, Jr

Date Filed

December 11, 2011

Law Firms

Government Agencies

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