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.

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.

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Email *

Submit