RE:RE:"coffintrader" found manipulating stocksA close reading of the ASC decision shows that he is not prohibited from participating in stock bullboards, only from trading stocks over the next 10 years.
"
CONCLUSION [6
3
]
For the reasons given,
we order that:
under section 198(1)(b) of the Act, Gouveia must cease trading in or purchasing any
securities or exchange contracts, for
10
years to and including
6
June 2023;
under secti
on 199, he must pay an administrative penalty
of $
75
000
; a
nd
under section 202, he must pay $60
000 of the costs of the investigation and hearing.
[6
4
]
This proceeding is concluded"
Hopefully SH has banned him and has taken measures to prevent him from coming back under an assumed name.