JASON PELTZ REVIEW
This complaint was posted on NAS on 6th Jan, 2021 and is a permanent record located here: https://www.nameandshame.com/jason-peltz-5YCW1/insider-trader-caught-redhanded-id5ydpv .
Insider Trader Caught Red-Handed
Today, The Smart Investor Feed brings you another morally reprehensible fraud.
Jason Peltz 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 Jason Peltz
On December 22, 2020, the Securities and Exchange Commission charged Jason Peltz of Long Island City, New York with insider trading ahead of a media report about the potential acquisition of chemical manufacturer Ferro Corp. that caused the company's stock price to climb. Peltz also tipped others to trade ahead of the news, for a collective total profit of approximately $1 million.
According to the SEC's complaint, Peltz used inside information to trade Ferro securities before a March 15, 2016 news media article that Ferro had received a takeover approach from a prominent private equity firm. The complaint alleges that Peltz placed his trades using accounts held in the names of others, including the account of a British Virgin Islands company. Peltz further leveraged the inside information by tipping several associates who all traded Ferro within days of Peltz.
The case originated from the SEC Market Abuse Unit's Analysis and Detection Center, which uses data analysis tools to detect suspicious trading patterns.
In a parallel action, the U.S. Attorney's Office for the Eastern District of New York filed criminal charges against Peltz on December 22, 2020.
The SEC's complaint, filed in federal court in Brooklyn, charges Peltz with violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and seeks injunctive relief and civil monetary penalties.
Conclusion: Jason Peltz Is A Fraud
The report on SEC clearly suggests that Jason Peltz 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 Jason Peltz 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