July 30, 2018 BY Valentina Kirilova

SEC charges recidivist in stock manipulation scheme

The Securities and Exchange Commission (SEC) has informed that it has charged Howard M. Appel with manipulating the stocks of three microcap companies while on supervised release following his criminal conviction for a prior securities fraud. According to the SEC’s complaint, Appel orchestrated multiple schemes to manipulate the market for trading in shares of Virtual…

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