The Short Report on (SSGI) Seton Securities Group, Inc.
QualityStocks (November 7th, 2008) Writes:
Seton Securities Group has been shorting small-cap companies such as OpenCell BioMed, Inc. (OCBM.OB) and Tri-Star Holdings, Inc. (TSHL.PK). Today we attempted to speak directly to Seton Securities’ President regarding this issue, but he declined to provide any details of the SEC ongoing investigation of the shorting of stocks and wouldn’t comment on the possibility of the SEC requesting records or other information from his company or others that are continuing to short stocks.
He even declined to give his full name. However, he did say they have not heard from federal investigators and have “no comment” regarding the shorting of stocks.
In mid-September, the SEC announced that would be expanding their ongoing investigation into possible market manipulation. SEC Chairman Christopher Cox stated, “Investors have a right to know that the rule of law is being enforced and that our capital markets are not being manipulated. We are working together with our
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