Securities Attorney John E. Lux Announces Investigation into Pump and Dump Stocks
Securities Attorney John E. Lux, expert in reverse mergers and IPOs, is investigating potential claims of investors who may have purchased stock in “Pump and Dump" schemes.
BETHESDA, MD, Oct 8, 2012, Securities Attorney John E. Lux, securities lawyer and expert in reverse mergers and IPOs, is investigating potential claims of investors who may have purchased stock in so-called “Pump and Dump” stock manipulations.
“In a pump and dump stock manipulation, typically the insiders gain control of the float. They may start creating activity by using “wash sales.” Then, often there is a spam stock promotion campaign using fraud,” said John Lux. “The insiders dump their shares, leaving the public with losses. We are looking for violations of SEC rules on fraud and manipulation.”
Mr. Lux’s expertise in reverse mergers and public markets was recently instrumental in a client winning a fast $1.5 million cash settlement in such a case. The case involved a reverse merger with a Form 10 shell, so-called “Gypsy Swaps,” and a pump and dump. "I was delighted to assist my client in this victory,” said Lux. “We were fortunate to have the benefit of the attention of the Securities and Exchange Commission and the FBI. The case only took three months. We look forward to bringing our unique expertise to bear in more of the these cases.”
Those who believe they may have been the victim of an illegal pump and dump should contact John Lux at John.Lux@Securities-Law.info
Attorney John E. Lux is a securities attorney and a former market maker, investment banker, and venture capitalist. He has a degree in Quantitative Analysis from New York University’s Stern School of Business and a Juris Doctor degree from the University of Maryland School of Law. He is the author of “How to Find a Home Run Stock,” “How to Pick Hot Reverse Merger Penny Stocks,” “How the Shorts Raid Your Stock, Destroy Your Company and What to Do About It,” and “Bash the Stock Bashers,” all available on Amazon. Mr. Lux can be reached at John.Lux@Securities-Law.info . His law office is at 10411 Motor City Drive, 7th Floor, Bethesda, MD 20817, phone 855-Lux-Law1.
- Contact Information
- John Lux
- Lux Law Group
- (1) 855-Lux-Law1
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