If you purchased shares of America West Resources, Inc. (“America West”) common stock on February 23, 2012 and/or February 24, 2012, and suffered a loss according to the Distribution Plan, you may be eligible for a payment from the Fair Fund.
The SEC Commission filed a complaint against John Babikian for his role in a securities fraud known as “scalping”, or recommending the purchase of a stock and immediately selling the stock without adequately disclosing the intent to sell. Babikian used a platform of affiliated microcap stock promotion websites to fraudulently promote and illegally scalp Utah-based coal mining corporation America West Resources.
A Fair Fund was established by the Court to distribute $3.7 million in disgorgement, prejudgment interest and civil money penalties paid by John Babikian to compensate investor victims of the fraud.
For more detailed information, please review the FAQs. You should also review the Distribution Plan, Distribution Plan Notice and other relevant documents, located on the Documents page.
|Important Dates and Deadlines|
|SEC Recovery Period||February 23, 2012 through and including February 24, 2012|
|Claim Filing Postmark Deadline||January 2, 2019|
|Initial Distribution of the Fair Fund||July 17, 2020|