March 31, 2015
Stratocomm Corporation, Roger D. Shearer, Craig Danzig
SANCTION AMOUNT: $5,143,710
Defendants: Stratocomm Corporation
Roger D. Shearer, Craig Danzig
Case against penny stock company, and its CEO and former Director of Investor Relations, who portrayed the company as actively engaged in the manufacture and sale of telecommunications systems for use in underdeveloped countries while, in reality, it had no product and no revenue. The SEC argued that defendants sold investors more than $4 million worth of stock, in unregistered transactions.
- Key Docs
- Official SEC press release