If you purchased or acquired shares of Americas Energy Company-AECo, formerly Trend Technology Corporation (“Americas”) common stock on September 9, 2009 through the Close of Trading on September 2, 2010 (the “Eligible Securities”), and suffered a loss according to the Distribution Plan, you may be eligible for a payment from the Distribution Fund.
The SEC Commission filed a complaint against Bruce D. Strebinger (“Strebinger”), Brent Howard Chapman (“Chapman”), and Muskateer Investments, Inc. (collectively, “Defendants”) for coordinating a fraudulent scheme relating to the Eligible Securities. The Commission charged that, from 2009 to 2010, the Defendants violated federal securities laws by acquiring positions of more than 5% of Americas common stock without publically disclosing their beneficial ownership status. While acquiring the shares of Americas stock, Strebinger and Chapman also coordinated a massive campaign to promote the common stock through blast emails and direct mailings of stock promotion reports authored by third persons.
The Defendants were ordered to pay a total of $4,315,640.00 in disgorgement. The Commission was ordered to hold all funds (collectively, the “Distribution Fund”), pending further order of the Court. The Defendants have paid a total of $4,315,640.00 into the Distribution Fund for distribution to harmed investors.
For more detailed information, please review the FAQs. You should also review the Distribution Plan, Distribution Plan Notice and other relevant documents, located on the Documents page.