George Johnson—Market Manipulation: Dissemination of “Spurious Research” and Sales Materials

Cleveland stockbroker fraud lawyerGeorge Johnson Allegedly Engaged in Market Manipulation, Dissemination of “Spurious Research” and Sales Materials, and Fraudulent Omission of Material Conflicts of Interest in Connection with the Purchase and Sale of a Security

George Johnson, while at Meyers Associates, L.P., allegedly engaged in market manipulation, “dissemination of spurious research” and sales materials, according to a Complaint from FINRA’s Department of Enforcement.

George Johnson also allegedly took part in the fraudulent omission of material conflicts of interest in connection with the purchase and sale of a security, said Complaint notes.

Furthermore, George Johnson allegedly executed the unauthorized disclosure of confidential, non-public material information concerning a securities offering, and the falsification of firm records, FINRA reports.

George Johnson Barred by FINRA for Allegedly Engaging in a Manipulating and Artificially Inflating the Market Price and Trading Volume for the Common Stock of IceWEB, Inc

George Johnson allegedly engaged in a manipulative trading scheme wherein he artificially inflated the market price and trading volume for the common stock of IceWEB, Inc. (IWEB), according to FINRA.

George Johnson, purportedly over an eight-day period, allegedly manipulated the market for IWEB by recommending that particular clients buy at increasingly higher and artificially inflated prices while simultaneously advising other customers to sell their shares, frequently matching trades between the customers, FINRA reports.

Finally, FINRA further alleges that among Johnson’s alleged motives for the stock manipulation was the fact that he hoped to secure business from the issuer for which he would anticipate receiving compensation in connection with a future private offering. In settling this matter, Johnson neither admitted nor denied the charges, but consented to the entry of FINRA’s findings.

The Peiffer Wolf Securities Lawyers Often Assist Investors

The Peiffer Wolf securities lawyers assist investors who lose money as a result of stock manipulation. 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 stock manipulation  are encouraged to 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.

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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.