SEC sues penny stock promoter Investsource

The Securities and Exchange Commission complaint says Songkram Sahachaisere sent emails to millions of people through his California-based company, Investsource Inc., promoting penny stocks without disclosing that he was being compensated by the companies in question. The complaint also said that Sahachaisere was selling shares of some of those companies at the same time he was recommending them to investors. The SEC says Sahachaisere’s alleged fraud netted him $276,000 in illegal profits.

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