MARK E. WATSON III REVIEW
This complaint was posted on NAS on 4th Jan, 2021 and is a permanent record located here: https://www.nameandshame.com/mark-e-watson-iii-5YCUW/criminal-caught-redhanded-by-sec-itself-id5ydoq .
Criminal Caught Red-Handed By SEC Itself!
Mark E. Watson III tried to play smart with their investors and was caught red handed by none other than U.S. Securities And Exchange Commission.
Latest SEC AAER has shocked Mark E. Watson III investors who feel misled and betrayed by the company’s actions. The auditors at SEC are experts at what they do, which is catch financial frauds and this time they outdid themselves by looking into the financial statements of this company.
Even if the suspension gets lifted by the time you read this, it doesn’t guarantee that this company is trustworthy. Remember, the SEC doesn’t put suspensions on a stock until something illegal happens.
On the first glance, their financial statements might seem just fine, but the devil is in the details, and after some thorough analysis, the truth is revealed. Let’s dive deeper and take a look at the official findings:
Detailed Mark E. Watson III Scam Report
This matter arises from Mark E. Watson III’s role in Argo Group International Holding, Ltd.’s failure to disclose in its definitive proxy statements that, from 2014 through 2018, it paid Watson, while he was Chief Executive Officer, President, and a director of Argo, over $5.3 million in perquisites and personal benefits. In connection with this conduct, Watson violated Section 14(a) of the Exchange Act and Rules 13b2-1, 14a-3, and 14a-9 thereunder, and caused Argo to violate Sections 13(a) and 13(b)(2)(A) of the Exchange Act and Rules 12b-20 and 13a-1 thereunder. In late 2019, Watson resigned and agreed to reimburse Argo for certain personal expenses.
Next Steps For The Investors at Mark E. Watson III
It is recommended that you discuss this latest disclosure with your finance advisor as this company has done plain fraud and tried to deceive its investors and stockholders alike. While the company might try to convey that this enforcement action was nothing more than a small-one-time-thing, the reality could not be further from the truth.
Be smart about your decision on whether to work with a company such as this one or not.
If you haven’t entered a contract with this company yet, then it is better to stay away, than risk associating with a possible scammer.
Whenever such disclosures are made public, companies tend to misinform their investors and the public by burying this information. This is why I posted it here at Mark E. Watson III NameAndShame. People deserve to know the reality about these guys, especially when they so shamelessly try to hide it.
Don’t Listen To Their White Lies
To save their image and manipulate investors, companies run cold-call campaigns and advertisements after an enforcement action by the SEC. This is mainly done to distract and persuade the investors and stockholders at the company from the horrible reality.
Please do not fall for the white lies companies often tell in order to save face in such situations. From shifting blame, to calling SEC “scumbags”, company representatives will do anything and everything to keep you from changing your mind about them.
I strongly recommend that you take all your investment decisions without any external influences from the company. A logical approach, combined with experience goes a long way. Don’t let their fake smiles be the result of your monetary loss.
Share Your Opinion, Findings & Evidence
If you have helpful information about this company, then please share it in a comment. A single comment can go a long way and it will help shed more light on this case.
Adding solid evidence is possibly the most effective way to help the community see the truth about this company. Please do so by using the Evidence Box down below.
Interested in the full document? We’ve uploaded it down below!