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Midas Edge

NEWCOM INC NWCM (last ticker on record)

CIK 1042100Its SEC filings (opens in a new tab)

  • 95% wipeout
  • SEC/DOJ scrutiny
  • Went dark (not a red flag)

These figures describe clients, not conduct. A lawyer or firm can serve many companies that later had trouble for reasons that have nothing to do with their work, and nothing here says any lawyer or firm did anything wrong.

Red flags
2
Newest began Jun 2002
Largest fall in its shares
98%
May 1998 to Apr 1999
Law firms
2
Linked to 5 or more companies
Lawyers
3
Linked to 5 or more companies

What happened

  1. SEC action against a company that stopped filingSEC order (opens in a new tab)
  2. SEC administrative actionSEC order (opens in a new tab)
  3. An SEC release names it, an officer or its stockSEC release (opens in a new tab)
  4. Shares down 95% from their high

An SEC release can name a company’s officer, or its stock as what a scheme sold or moved, so the company may be the victim. Each link goes to what to read.

Law firms

The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.

Lawyers

The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.