Saturday, February 2nd, 2008...10:28 am
SEC files suit against stock talk show host
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The U.S. Securities and Exchange Commission has filed a lawsuit against International Broadcasting Corp., its former president Daryn Fleming.
According to two complaints filed, Daryn Fleming and agent Mathew Bruce made false statements on broadcasts of the company’s Internet radio show, “Stock Talk Live,” in October and November 2005. They claimed that IBC had purchased or become affiliated with three Florida radio stations boosted the price of IBC stock 50 percent after the first report and 60 percent after the second.
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