SEC Probes Online Stock Picker TokyoMex
The Securities and Exchange Commission has issued subpoenas to some online message posters as part of an investigation into the trading practices of a high-profile online stock picker known as "TokyoMex."
The stock picker, Yun Soo Oh Park, who also goes by the names Joe Park and Tokyo Joe, confirmed that he is at the eye of a wide-ranging inquiry by regulators into his trading practices and disclosure methods.
"I welcome this challenge. I have nothing to hide," Park says, adding that last week he received SEC requests for letters, emails and other information concerning stocks he has recommended over the Internet. Park says he has hired lawyers in Chicago (the SEC's Midwest office issued the subpoenas) and in New York, where he lives. ...
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