BARTON S. ROSS REVIEW
This complaint was posted on NAS on 6th Jan, 2021 and is a permanent record located here: https://www.nameandshame.com/barton-s-ross-5YCWA/shame-this-fraudulent-day-trader-who-runs-market-manipulation-scheme-id5ydq4 .
Shame This Fraudulent Day Trader Who Runs A Market Manipulation Scheme
Today, The Smart Investor Feed brings you another morally reprehensible fraud.
Barton S. Ross has been seized/arrested by the U.S. Securities And Exchange Commission (SEC). Shocking right?
We weren’t expecting this as well, but these scammers are getting smarter by the minute, making it harder for us to identify.
Such swindlers seem to be booming in numbers lately. This case is kind of interesting, why don’t I show you why:
Full Report On Barton S. Ross
The Securities and Exchange Commission today announced charges against Barton S. Ross for his role in a market manipulation scheme in which he and several other individuals created false rumors about public companies in order to profitably trade around the temporary price increases caused by the publication of the rumors.
According to the complaint, filed on December 18, 2020, Ross and several other individuals created false rumors about purported market-moving events, such as corporate mergers or acquisitions, involving publicly-traded companies. As alleged, the false rumors were then shared with other individuals who disseminated the false rumors through real-time financial news services, financial chat rooms, and message boards, causing the prices of the subject companies' securities to rise temporarily. Between February 1, 2018 and January 2020, Ross allegedly created and traded around the false rumors at least 49 times, generating nearly $36,000 in illicit profits. The other scheme participants also traded around the false rumors, generating significant profits.
The SEC's Complaint charges Ross with violating the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. Ross has agreed to cooperate with the Enforcement Division and has consented to the entry of a judgment that imposes a permanent injunction, with monetary relief to be determined at a later date. The settlement is subject to court approval. In a parallel action, the U.S. Attorney's Office for the Northern District of Georgia today announced that Ross pleaded guilty to related criminal charges.
Conclusion: Barton S. Ross Is A Fraud
The report on SEC clearly suggests that Barton S. Ross never had any intentions to do honest business or provide helpful services. Main intention behind all their actions was to take advantage of the honesty & gullibility of people and scam them. It would be an understatement to call this a mere fraud, this one is a scandal.
If you feel like you are a victim of this scam, then I recommend contacting a law firm and consulting with them about a lawsuit. Companies & firms pay huge reprimands to settle serious lawsuits.
Help Us Fight These Criminals
Do you have evidence against Barton S. Ross or one of their associates, then please post it here. These criminals rely on their witnesses’ & victims’ silence, if you speak up, then they get exposed and punished for their horrific acts. I started The Smart Investor Feed on this site with only one purpose; to become a nightmare for the financial frauds in the country. I try to post often, so you can bookmark my profile for regular updates on frauds & con-artists.
Full Disclosure: We sourced this piece of information from the SEC database