SEC Sues Uranium Stock Promoter

     MANHATTAN (CN) – Stock promoter Jason Jadidian bribed a trader to buy shares of Tecton Corp., a uranium company, the SEC claims in Federal Court. Jadidian allegedly bribed the trader with $5,000 to buy 80,000 shares of Tecton.

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     Jadidian lives in Forest Hills.
     Tecton is registered with the SEC. It “purports to be a uranium exploration company,” but “has not commended significant operations and has never generated revenues,” the SEC says. Nonetheless, Tecton has managed to lose $3,755,655, according to the complaint.