Foreign Investors See Red over 3-D Firm with Local Ties. Christopher Carey.
by Carey, Christopher; ProQuest Information and Learning Company.
Series: SIRS Enduring Issues 2005Article 36Business. Publisher: St. Louis Post-Dispatch, 2004ISSN: 1522-3191;.Subject(s): Boiler room scams | Chequemate International Inc | Internet message boards | Investigations | Investments -- Foreign | Penny stocks | Securities fraud | Stockbrokers | United States Securities and Exchange CommissionDDC classification: 050 Summary: "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.| Item type | Current location | Call number | Status | Date due |
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High School - old - to delete | REF SIRS 2005 Business Article 36 (Browse shelf) | Available |
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.
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