Consumer reviews and reports on scam companies, bad products and services
Tecton TTCN
Stock Scam - Pump and Dump
5th of Nov, 2011 by sheigel

It's been a while since anything has gotten posted on Tecton and by now the company is now longer in a coma and is quite dead. Quite possibly there are no more Tecton shareholders looking here any more as they have long since written off their investment.

But before we let it go, let me let you in on something you may not know - the SEC is as much to blame for this as is Norman Meier. Tecton was a plain, old-fashioned pump & dump. Norman Meier and Jordan Shapiro began an systematic plot to push up the stock price beginning in December 2007. They involved people from southern California to help keep the BS flowing.

The SEC was notified in February of 2008 that a pump & dump was moving forward. It would snare a new bunch of investors as Meier, Shapiro and cronies dumped their shares on the public who only know what they were being told in those BS market newsletters.

Here's the kicker - the SEC was told what was going on and had six weeks to put the brakes on Tecton. The did nothing. They sat back and played possum while Tecton lost over 80% of it's value as the pump & dump took off. They did nothing after the pump & dump screwed the investors, nothing later as the stock sunk below a penny. The SEC did nothing ever about Tecton.

For those of you who lost your savings in Tecton, contact the SEC and ask what they are going to do about this. Contact Carolyn Winters at [email protected] Even better, call her at 202-551-4583, assuming she still even works for the SEC. Ask her how many years she's going to sit on this stuff while those who perpertrated the pump & dump are still walking freely among us. She's had the data for over a year and it never made it to the top of her in-box.

Ask her how she sleeps at night.


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3018 days ago by Sheigel

All data and information provided on this post is for informational purposes only. sheigel makes no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this post and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis.
3018 days ago by Sheigel
The Information should not be construed as investment/trading advice and is not meant to be a solicitation or recommendation to buy, sell, or hold any securities mentioned. For personal advice on your trading decisions, please consult with your financial advisors.

The Information should not be used as the sole basis for making any trading decision. Rather, readers should use the Information as a starting point for doing additional research on the companies mentioned in order to allow the reader to form his or her own opinion. Such research should include, but is not limited to, each company's quarterly and annual reports, all SEC filings, and press releases. If you should ignore my advice to do independent research of industries, companies, and stocks, choosing instead to trade solely on my information, or opinions found in this Information, you have made a conscious, willing, free, and personal decision to do so.

I also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud, which can be found at Readers can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site.

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