Happy New Year, can you just imagine….Jan. 6/22R and R, two supposed knowledgeable brokers getting caught......
""The B.C. Securities Commission has fined Black Tusk Resources Inc. chief executive officer Richard Penn and former chief financial officer Roman Rubin after the men failed to report hundreds of trades. Over a period of about three years, the men did not file insider reports for a combined $1.79-million worth of trades, the BCSC says. At the same time, Black Tusk's annual filings substantially overstated the number of shares the men held, according to the BCSC. The fines for the men are contained in two settlement agreements that the BCSC released on Thursday, Jan. 6. Mr. Penn has agreed to pay $75,000, while Mr. Rubin has agreed to pay $65,000. The men must also complete a course on the responsibilities of directors and officers.
The penalties stem from trades that occurred from January, 2018, to December, 2020, when Mr. Penn and Mr. Rubin were officers and directors of Black Tusk. As with all insiders, they were required to report their holdings and any trades. During that period, Mr. Penn entered 488 trades, totalling 22.1 million shares, while failing to report nearly all of the transactions, the BCSC says. Mr. Rubin, meanwhile, failed to report nearly all of the 127 trades he entered, with those trades totalling 10.1 million shares.""
Stench!