RE:Short and distortI expect you are in the USA Papi. Canada has no SEC equivalent. Each province regulates its own companies...along with our exchanges....in NXO case I asssume it is BC where its head office is and the TSX venture exchange....but really, it does not have the same powers as the SEC does being a national regulator with teeth.
USA is also far more litigious with shareholder remedies....so civil matters vs criminal....than Canada, though we are seeing more of it.
Some time ago I suggested DD start a class action with himself as lead plaintiff, given his accusations of management impropriety, but he would have none of it. Even sent him a list of posssible firms who had taken on companies on behalf of shareholders and would take the case for a piece of the action
Seems he would rather post here incessantly than try to prove his point in court
Papagiorgio11 wrote: Short and distort is an illegal trading scheme involving selling short the shares of a company and then spreading negative rumors in order to influence the stock price downward.
Short and distort is made more common through the use of online forums and social media channels to spread disinformation quickly and anonymously.
Short and distort is a serious crime, and perpetrators can be charged with securities fraud and subject to fines and jail time.