Donald Shelby Toomer—Fraudulent Pump and Dump Scheme / Securities Fraud
Donald Shelby Toomer Allegedly Participated in a Stock Price Manipulation of Three Low-priced, Purportedly Speculative Securities Including NXT Nutritionals Holdings, Inc. (NXTH), Clear-Lite Holdings, Inc. (CLRH), and Mesa Energy
Donald Shelby Toomer allegedly participated in a stock price manipulation scheme of three low-priced, purportedly speculative securities, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Jason Kane and James Booker.
The aforementioned Complaint alleges that Toomer, from 2008 to 2011, allegedly conspired with three other unidentified persons to purportedly manipulate the securities of NXT Nutritionals Holdings, Inc. (NXTH), Clear-Lite Holdings, Inc. (CLRH), and Mesa Energy
The Peiffer Wolf Carr & Kane securities lawyers are currently investigating Donald Shelby Toomer’s alleged securities fraud and would like to talk to investors.
Donald Shelby Toomer Allegedly Refused to Provide Any of the Requested Documents to FINRA Claiming His Rights against Self-incrimination under the Fifth Amendment; Toomer Barred by FINRA’s Hearing Panel
Donald Shelby Toomer allegedly refused to provide any of the requested documents to FINRA claiming his rights against self-incrimination under the Fifth Amendment, according to a Complaint from FINRA’s Department of Enforcement presently under review by attorneys Jason Kane and James Booker.
FINRA, however, is not a government entity, and therefore an associated person may not refuse to produce information by claiming the constitutional protection against self-incrimination.
Therefore, FINRA has ruled that as Toomer allegedly failed to produce all the documents and information sought by FINRA’s Department of Enforcement that he purportedly violated FINRA Rules and therefore the FINRA panel has barred Toomer, said Complaint notes.
Securities Lawyers Investigatin
The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of alleged securities fraud scams and are currently investigating Donald Shelby Toomer’s alleged participation in a stock price manipulation scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of Donald Shelby Toomer’s alleged participation in a stock price manipulation scheme may contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or James Booker, for a free no-obligation evaluation of their recovery options, at (585) 310-5140.