Beware Music Scams
Posted: July 3, 2009 Filed under: Uncategorized 3 Comments »I have not much to share this evening but a potentially sordid tale of money, music, and a vigilant regulator.
From SEC.gov:
Washington, D.C., July 2, 2009 — The Securities and Exchange Commission today suspended trading in the securities of Fort Lauderdale-based music production company GenX Corporation amid questions about the accuracy and adequacy of publicly disseminated information appearing in stock promotional materials about the company and its purported relationships with music stars.
GenX Corporation trades on the Pink Sheets (GNXO), and its stock is extensively promoted through brochures and other materials. One promotional brochure entitled “World of Investment” claims that the company has partnerships with several well-known recording artists and music producers, including Kanye West, T.I., and Pharrell Williams. This brochure was recently mailed to more than one million prospective investors.
FBdN – reading sec.gov so you don’t have to!
That’s right, man. The Internet is like the great digestive system for humanity’s consciousness.
Deep thoughts, and it ain’t even 8am.