Donald Shelby Toomer—Fraudulent Pump and Dump Scheme / Securities Fraud

Cleveland stockbroker fraud lawyerDonald 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 Alan Rosca 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 Rosca Wolf 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 Alan Rosca 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 Rosca Wolf 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 Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1247 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.