The British Columbia Securities Commission has prohibited Marino Specogna, a director of Doromin Resources (VSE), from participating in the securities market and acting as a director or officer of any reporting issuer for 20 years.
The commission found that Specogna had manipulated Doromin’s shares and was responsible for securities violations, including: disseminating false assay results, which created an artificial price for the company’s shares; trading 13 brokerage accounts, which created a misleading appearance of market activity; and failing to file insider trading reports.
The commission also ordered the suspension of Specogna Minerals’ trading privileges for 20 years.
Doromin President Efrem Specogna, the owner of the company, lost trading privileges for four years, and Lucia Specogna will be prohibited from trading for one year.
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