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Wednesday, October 12, 2011
USA Act to Introduce Company
In 2006, Weiss voluntarily settled his dispute with the SEC. The SEC instituted cease-and-desist proceedings against Weiss Research Inc., Martin Weiss and Lawrence Edelson. The proceeding stated "13. A stranger in the city would be accosted by a well-dressed individual, who would immediately begin a careless, friendly conversation. If the overtures of this individual are not repulsed in the first instance, he is soon joined by his accomplice, who professes to be a stranger to swindler number one. The accomplice then opens the second chamber, reveals the duplicate piece of paper, and claims the stakes. The stranger loses his money, and is taught a useful lesson. He may apply to the police, if he wishes to do so, but the probabilities are that he will never see either his "friends", the safe, or his money, again.