03/12/07 - Urban/Hip-Hop Company Suspended By SEC For Spam

J-Banks · 03-12-2007, 11:41 PM

Goldmark Industries, Inc. was one of 35 companies to be suspended in an operation the SEC has dubbed “Operation Spamalot”.

The spam E-mails have been responsible for generating dramatic spikes in share price causing investors to lose money.

"When spam clogs our mailboxes, it's annoying,” said SEC Chairman Christopher Cox in a press release. “When it rips off investors, it's illegal and destructive. Today's trading suspensions, and actions that will follow, should send a clear message to spammers: the SEC will hold you accountable."

With E-mails boasting, “[Goldmark] is making everyone bank!", the SEC had issues regarding adequacy and accuracy of Goldmark Industries, Inc. and the other 34 companies.

“While the Commission cautions investors not to make investment decisions based on anonymous E-mails they receive, we are also committed to tracking down those who prey on investors with false or misleading information," said Director of the SEC’s Enforcement Division Linda Chatman Thomsen in a press release.

A little less than a year ago Goldmark Entertainment named Latino rapper Frost aka Kid Frost as Vice President of Music for Goldmark Entertainment.

Frost who was one of the first bilingual rappers to attain success in the Hip-Hop industry has helped pave the way for many other Latino rappers including Fat Joe, Cypress Hill, and Big Pun.

Goldmark recently signed producer Scoop Deville, who produced Baby Bash's single "Mamacita," as well as singles for Linkin Park and upcoming music from Cypress Hill.

The trading suspension will only last 10 days.

A disclaimer on the Goldmark Industries, Inc. website states, “Goldmark Entertainment does not engage in any blast fax or E-mail campaigns directly as a company, nor indirectly through third parties.”

SOurce-allhiphop

Zhiwai · 03-12-2007, 11:45 PM

Props on this

ChUcK C · 03-13-2007, 08:30 PM

propz on this. . . .

03-12-2007, 11:41 PM	#1
J-Banks Super Moderator Join Date: Feb 2005 Location: Providence, RI Posts: 21,015 Repped: 5,294 Repped 53,425 Times in 7,839 Posts Blog Entries: 1 Neg Reps: 53 Neg Repped at 93 Times in 86 Posts	03/12/07 - Urban/Hip-Hop Company Suspended By SEC For Spam 03/12/07 - Urban/Hip-Hop Company Suspended By SEC For Spam Goldmark Industries, Inc. was one of 35 companies to be suspended in an operation the SEC has dubbed “Operation Spamalot”. The spam E-mails have been responsible for generating dramatic spikes in share price causing investors to lose money. "When spam clogs our mailboxes, it's annoying,” said SEC Chairman Christopher Cox in a press release. “When it rips off investors, it's illegal and destructive. Today's trading suspensions, and actions that will follow, should send a clear message to spammers: the SEC will hold you accountable." With E-mails boasting, “[Goldmark] is making everyone bank!", the SEC had issues regarding adequacy and accuracy of Goldmark Industries, Inc. and the other 34 companies. “While the Commission cautions investors not to make investment decisions based on anonymous E-mails they receive, we are also committed to tracking down those who prey on investors with false or misleading information," said Director of the SEC’s Enforcement Division Linda Chatman Thomsen in a press release. A little less than a year ago Goldmark Entertainment named Latino rapper Frost aka Kid Frost as Vice President of Music for Goldmark Entertainment. Frost who was one of the first bilingual rappers to attain success in the Hip-Hop industry has helped pave the way for many other Latino rappers including Fat Joe, Cypress Hill, and Big Pun. Goldmark recently signed producer Scoop Deville, who produced Baby Bash's single "Mamacita," as well as singles for Linkin Park and upcoming music from Cypress Hill. The trading suspension will only last 10 days. A disclaimer on the Goldmark Industries, Inc. website states, “Goldmark Entertainment does not engage in any blast fax or E-mail campaigns directly as a company, nor indirectly through third parties.” SOurce-allhiphop __________________ JBanksblog.com - check it out __________________

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

03-12-2007, 11:45 PM	#2
Zhiwai G_unit_soldier_Chang Join Date: Jan 2006 Location: Puerto Rico Posts: 9,469 Repped: 15 Repped 49 Times in 8 Posts Neg Reps: 0 Neg Repped at 0 Times in 0 Posts	Props on this

03-13-2007, 08:30 PM	#3
ChUcK C Banned Join Date: Jul 2006 Location: Southside Jamaica Queens,New York Posts: 7,072 Repped: 2,941 Repped 27 Times in 13 Posts Neg Reps: 0 Neg Repped at 0 Times in 0 Posts	propz on this. . . .