The Arkansas Securities Department
announced today that it had revoked the license of a New York broker-dealer, Junmo Hong. He made the mistake, in cold-calling to pump a stock, of calling the office number of an Arkansas senior securities examiner. He claimed to have called the regulator before, including in 2006, when Hong would have been 14. He made unsupported claims about the likelihood the stock would increase in value. He also called 23 people on the Do Not Call list.