CORRECTION: Absolute Capital Management Leaves Investors Mired In Lawsuits

Apr 26 2011 | 3:12pm ET

Correction: The original version of this article (dated March 2, 2011) incorrectly stated that Sean Ewing, co-founder and former CEO of Absolute Capital Management, owned the penny stocks that ACM allegedly bought and sold, which may have led to a conflict of interest. There is no evidence that Ewing steered Absolute Capital investments into U.S. penny stocks or that he owned or profited from the sale of U.S. penny stock investments. The article has been updated to reflect the correction.


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