ForceField Energy, Inc.—Stock Manipulation
Nine Individuals Allegedly Secretly Inflated the Trading Volume of ForceField Energy, Inc., Creating a False Sense of Demand, Concealing Kickbacks to Stock Promoters and Brokers
Nine individuals “manipulated ForceField’s stock from December 2009 to April 2015 by secretly trading it in undisclosed accounts, inflating trading volume to create a false sense of demand, and concealing kickbacks to stock promoters and brokers to tout it”, according to major news outlet reports currently under review by attorneys Jason Kane and Joe Peiffer.
Some of the current and former registered brokers related to the alleged ForceField kickbacks include: Gerald Cocuzzo of Newbridge Securities Corp., Naveed (Nick) Khan of Meyers Associates, Maroof Miyana of Legend Securities, Pranav Patel of Dawson James Securities, and Richard L. Brown of Chelsea Financial Services, according to said major news outlet sources.
The Peiffer Wolf securities lawyers are presently conducting an investigation into several of the current and former registered brokers related to the alleged ForceField kickbacks.
ForceField Stock Has Plummeted from $8.00 Per Share in Early 2015 to Its Present Value of Roughly $.02 Per Share
ForceField, purportedly a distributor and provider of high end LED lighting products and “alternative” energy, trades today at approximately $.02 per share, a stiff drop to its early 2015 trading price of nearly $8.00 per share, according to the aforementioned major news outlet sources being reviewed by attorneys Jason Kane and Joe Peiffer.
The investigation into ForceField started in response to the huge stock price fluctuation which transpired, the reports indicate.
The aforementioned nine individuals are allegedly facing criminal charges and an SEC civil action, according to the aforementioned reports.
Securities Lawyers Investigating
The Peiffer Wolf securities lawyers often represent investors who lose money as a result of alleged stock manipulation and are currently investigating current and former registered brokers related to the alleged ForceField kickbacks. 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 current and former registered brokers related to the alleged ForceField kickbacks may contact the securities lawyers at Peiffer Wolf, Jason Kane or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 585-310-5140.