I read the below and I can't help buy wonder.....HEY TSX-V take a look at some of the NORONT activities. Have we not all commented about JITNEY on a regular basis. Are we not sick and tired of the JITNEY shenanigans. In our case we have been relentessly manipulated down. The line in this story, "This should explain why a mining company finds something good and "nothing happens" or the stock goes down", sure ringsture for Noront.

TSX-V sues Reagh for unpaid market manipulation fine

2007-11-21 16:39 ET - Street Wire

Also Street Wire (U-HPGI) Hemisphere Gold Inc

by Stockwatch Business Reporter

Barry Reagh, a naughty former stockbrocker who is now the investor relations contact at the pink sheets-listed Hemisphere Gold Inc., is being sued by TSX Venture Exchange Inc. In a lawsuit filed in B.C. Supreme Court on Nov. 7, 2007, the exchange alleges that Mr. Reagh owes it $444,000 for a penalty imposed by the Canadian Venture Exchange Inc., its predecessor, on Nov. 13, 2001.

The lawsuit does not give any details of Mr. Reagh's misconduct. It only says that "a hearing panel of the disciplinary committee of CDNX concluded that the defendant had breached various rules and bylaws of the VSE." The Vancouver Stock Exchange (VSE) merged with the Alberta Stock Exchange in 1999 to form the CDNX, or Canadian Venture Exchange. The Toronto Stock Exchange bought the CDNX in 2002 and renamed it the TSX Venture Exchange.

A copy of the CDNX decision reveals that these breaches of various rules and bylaws were far from mundane. According to the decision, Mr. Reagh helped John Spector, the head of Caprice-Greystoke Enterprises Ltd., push the price of Caprice from 79 cents to $1.70 while creating an illusion of volume for the company.

This all happened in the early 1990s on the Vancouver Stock Exchange. At the time, Mr. Reagh was a broker with Yorkton Securities Inc. He ran four accounts for Mr. Spector: one in Mr. Spector's name, and three in the names of Mr. Spector's wife, mother-in-law and brother-in-law. Mr. Spector instructed Mr. Reagh for all four accounts, and he controlled accounts at other brokerages. The only shares in the accounts were Caprice shares.

The panel ruled that Mr. Reagh "knew John Spector exercised control over other accounts at other firms, and was actively manipulating the market in Caprice. ... [Mr. Reagh] was in constant contact with John Spector, and participated in the manipulation of the nominee accounts."

Mr. Reagh used the three nominee accounts controlled by Mr. Spector to manipulate Caprice's stock from Dec. 1, 1991, to Oct. 1, 1992. During the period, there were 144 high-close trades, and Mr. Reagh was responsible for 88 of them. The trades were often illogical if the purpose was to make money. Mr. Reagh sold Caprice shares at one price and then bought them minutes later at a higher price. For example, on Feb. 26, 1992, the account in Mr. Spector's wife's name sold a large block of stock, but would immediately buy back the shares at a higher price within seconds of her sells. After shuffling this block of shares, the account continued buying Caprice shares for the rest of the day (it was the only buyer for the rest of day) and then created a new high close.

Marc Foreman, an expert at the hearing, said: "I cannot find any way that Reagh was not aware of the activities being conducted where his own clients were selling securities at prices cheaper than they were purchasing them. Instructions for both sides of the order had to be in his hands at the same time where there was only a one-second difference between the actual trading times. There is no feasible way that instructions can be given in between."

Several of the trades were wash trades, with no real change in ownership. Of the scheme's 274 wash trades between Dec. 1, 1991, and Oct. 1, 1992, Mr. Reagh acted on one side of 216. Of those, he acted on both sides of 75 wash trades between the accounts that he ran at Yorkton.

Mr. Reagh used jitney trades to conceal his activity. The tactic had two advantages, according to Mr. Foreman. First, by sending the trades through another broker, it would create the impression that several brokerages were trading the shares. Second, it would conceal from his own firm that the trades were wash trades and prevent a large number of crosses within Yorkton.

Mr. Reagh earned $107,938 in commission from trading for Mr. Spector. He was paid a secret commission of 94,940 Caprice shares as well, which he deposited into the accounts of his wife and his mother-in-law. The shares were worth approximately $96,375.

Yorkton fired Mr. Reagh on Oct. 14, 1992, because of "concerns of impropriety." He did not appear at his hearing. He did have a lawyer when the hearing process started on Feb. 2, 1995, but his lawyer had withdrawn by the time the hearing started up again in 1997.

"We view Mr. Reagh's conduct as egregious in the extreme," the panel concluded. It fined him $100,000 for stock manipulation and $100,000 for accepting a secret commission. It tacked on $204,000 for the money he had made from his commissions (secret and otherwise) and $40,000 in costs, bringing the bill to $444,000. It is for this money the exchange is now suing Mr. Reagh.

What a beautiful blueprint!

Four or more white collar criminals buy up 20 million of a CHEAP stock and make sure they hold less than 10% of a stocks outstanding shares so they don't have to declare they are INSIDERS which are required to report their trades within 10 days!

A cheap 10 or 15 cent stock will cost $2 to $3 million initial investment split 4 ways would be $500,000 to $750,000 each.

All have Internet connections and INTERNET TRADING ACCOUNTS. $9.99 per trade or less

Easy to use messenger to stay in touch with coded signals.

Just keep raising the OPENING BUYS and the CLOSING BUYS
Remember 1 buy and 1 sell will cost max $19.98!

if you raise the OPEN and the CLOSE 1 cents a day the stock will climb 60 cents in 30 days!
Just Opening and CLOSING costs per day are $39.96 times 30 days = $1598.40
60 cents on 20 million shares is quite profitable! $12,000,000.00

Trading LARGE blocks of shares among each other to create the illusion VOLUME is occurring. Cost a few $100 per day extra.

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ALL SHARP PRICE MOVEMENTS -- WHETHER UP OR DOWN -- ARE THE RESULT OF ONE OR MORE (USUALLY A GROUP OF) PROFESSIONALS MANIPULATING THE SHARE PRICE."
This should explain why a mining company finds something good and "nothing happens" or the stock goes down. At the same time, for NO apparent reason, a stock suddenly takes off for the sky! On little volume! Someone is manipulating that stock, often with an unfounded rumor. In order to make these market manipulations work, the professionals assume: (a) The Public is STUPID and (b) The Public will mainly buy at the HIGH and (c) The Public will sell at the LOW.
Therefore, as long as the market manipulator can run crowd control, he can be successful. Let's face it: The reason you speculate in such markets is that you are greedy AND optimistic. You believe in a better tomorrow and NEED to make money quickly. It is this sentiment which is exploited by the market manipulator. He controls YOUR greed and fear about a particular stock. If he wants you to buy, the company's prospects look like the next Microsoft.