Carey, Christopher,
Foreign Investors See Red over 3-D Firm with Local Ties. Christopher Carey. - St. Louis Post-Dispatch, 2004. - SIRS Enduring Issues 2005. Article 36, Business, 1522-3191; .
Articles Contained in SIRS Enduring Issues 2005. Originally Published: Foreign Investors See Red over 3-D Firm with Local Ties, June 14, 2004; pp. n.p..
"Chequemate provides a glimpse into the world of so-called penny stocks, where failures vastly outnumber successes. The shares that foreign investors bought were routed offshore under an obscure SEC rule that lets companies sell stock privately to certain types of non-U.S. buyers. Under the rule, known as Regulation S, companies can avoid the time and expense of a registered stock offering by placing shares with 'accredited investors,' such as hedge funds and wealthy people." (ST. LOUIS POST-DISPATCH) This article follows the life cycle of the Chequemate company, now bankrupt, which has been accused of using Regulation S stocks.
1522-3191;
Chequemate International Inc.
United States Securities and Exchange Commission
Boiler room scams
Internet message boards
Investigations
Investments--Foreign
Penny stocks
Securities fraud
Stockbrokers
AC1.S5
050
Foreign Investors See Red over 3-D Firm with Local Ties. Christopher Carey. - St. Louis Post-Dispatch, 2004. - SIRS Enduring Issues 2005. Article 36, Business, 1522-3191; .
Articles Contained in SIRS Enduring Issues 2005. Originally Published: Foreign Investors See Red over 3-D Firm with Local Ties, June 14, 2004; pp. n.p..
"Chequemate provides a glimpse into the world of so-called penny stocks, where failures vastly outnumber successes. The shares that foreign investors bought were routed offshore under an obscure SEC rule that lets companies sell stock privately to certain types of non-U.S. buyers. Under the rule, known as Regulation S, companies can avoid the time and expense of a registered stock offering by placing shares with 'accredited investors,' such as hedge funds and wealthy people." (ST. LOUIS POST-DISPATCH) This article follows the life cycle of the Chequemate company, now bankrupt, which has been accused of using Regulation S stocks.
1522-3191;
Chequemate International Inc.
United States Securities and Exchange Commission
Boiler room scams
Internet message boards
Investigations
Investments--Foreign
Penny stocks
Securities fraud
Stockbrokers
AC1.S5
050