I am contacting the SEC and NASD and putting together a complaint against Mr. Knut Jorgensen, Andover Brokerage and "Vail Independent Traders" (an office of Andover) regarding Mr. Jorgensen's interest in and promotion of Chromatics Color Sciences. I allege that Andover/Jorgensen have violated NASD regulations by aggressively and fraudulently promoting CCSI stock. I will be forwarding copies of my complaint to Michael Picozzi at Andover's corporate headquarters in New York.
If you are a current or former customer of Andover and have lost money trading CCSI stock or if you can provide any additional details regarding Andover and CCSI then please contact me in confidence at a hotmail address I have set up: email@example.com
In addition I am also investigating past and former paid touts of CCSI stock (such as Stock Genie). If you subscribe to any newsletters or stock tip web sites that have aggressively promoted CCSI stock and you feel you have been the victim of a "pump and dump" please contact me.
The GUMM stock fraud.
I think in GUMM's case I'm going to take a more proactive role in stopping this scam. I'm going to get in touch with Jodie Bernstein and see if we can get the FTC to investigate GUMM's fraudulent claims.
[Jodie Bernstein is Director of the Bureau of Consumer Protection at the FTC]