If you want to see a sign of a Federal investigation, glance at the NSRS message board or the DCGD board (formerly NCDL). Notice that both boards contained evidence and both boards are now defunct. That's a sign that Jay Fung is getting slammed by the Feds.
Hi - Could the be under investigation? Sure..But the evidence you just presented as a basis for that point of view is maybe the stupidest thing I have read in a while. I knew if I checked out this MB I would find idiots! lol
The board is defunct because they change the symbol when a company hasn't reported on time and the "E" is added. When they get in compliance (if), the "E" is dropped. When the E is added they get a new message board to coincide with the new symbol. When the E is dropped it takes a few days to a week to get the message board back up as if it was a new trading security.
And ANOTHER aricle includes (an older one) that of course one can't link to here, but try and figure it out - or run a search with something like "FINRA investigates Sunpeaks Ventures"
Why? As it turns out, the Financial Industry Regulatory Authority (FINRA) had called SNPK to inform the company that it had "commenced … an inquiry" of its own.
The stock, which had touched an intraday high of 68 cents before that jarring news, crashed to 29 cents, as jittery players bailed. Thanks to a sudden wave of buying power just before the close, however, SNPK handily recovered to end that volatile trading session on a strong note at 50 cents a share.
For his part, SNPK Chief Executive Officer Mackie Barch automatically assured investors that, as the only insider who owns the stock, he still held all of his own shares. Barch instead blamed "persons unknown to current management" for the curious trading activity that had set off the alarm. In a further effort to calm frazzled nerves, SNPK then followed up with a special Saturday press release that officially identified former all-star NBA player Paul Silas as the spokesman for its expensive vitamin.
APS soon came to the rescue as well. In a bold message to its followers, APS claimed that FINRA simply wanted to "make sure everything is fine over there, and it definitely seems to be fine" after news of the inquiry. By the following week, the crisis had blown over, and the stock resumed its climb. Some traders, besotted with ASP and its apparent invincibility, even viewed the recent setback as part of a grand plan.
"The FINRA investigation, picture of SNPK HQ, sell-off 4/30/2012 were all moves in a game like chess," one investor cheerfully proclaimed. And "APS is the chess master. This stock is going to shock people with the PPS it will reach."