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The SEC reportedly is investigating Silvercorp Metals (SVM -9.2%) and has issued a subpoena...

The SEC reportedly is investigating Silvercorp Metals (SVM -9.2%) and has issued a subpoena requesting all documentation relating to the miner’s long-running battle with short sellers. SVM has denied any wrongdoing, but the subpoena, issued March 15, is the first indication U.S. securities regulators are actively investigating the Canadian company.
Comments (3)
  • ich1ban1
    , contributor
    Comments (29) | Send Message
     
    The Globe and Mail is misrepresenting the whole thing. They claimed to have contacted a member at the SEC by the name of Tony Frouge.

     

    I contacted the SEC's personnel directory and there is no Tony Frouge listed there.

     

    I also checked the SEC's press releases and there is no subpoena issued by the SEC dated March 15 or any other day, investigating SVM.

     

    The Globe and Mail is conflating an informal fact-finding mission and a formal subpoena. If you read their article they confuse the 2 and automatically label it a subpoena when there is no subpoena. It is damaging to longs and it is manipulative at worst and deceptive at best.

     

    Globe and Mail has always written favorable articles for the shorts.

     

    How does this happen the day silver is smashed to 8 month lows?
    2 Apr 2013, 04:25 PM Reply Like
  • 79428
    , contributor
    Comments (22) | Send Message
     
    How much do you think Jon Carnes and the boys spent on the placement of this article?
    2 Apr 2013, 06:48 PM Reply Like
  • 79428
    , contributor
    Comments (22) | Send Message
     
    The article sounds as if it was written by Jon Carnes.

     

    http://bit.ly/Z71Ivr
    2 Apr 2013, 06:53 PM Reply Like
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