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  • Report:  #529519

Complaint Review: Nu-Vista - Richardson Texas

Reported By:
Jim - Garland, Texas, United States of America
Submitted:
Updated:

Nu-Vista
678 N. Glenville Drive Richardson, 75081 Texas, United States of America
Phone:
Web:
www.nuvistastudios.com
Categories:
Tell us has your experience with this business or person been good? What's this?
Harry is attempting to sell Stock's that are worthless by promoting the success of his company he is contacting all acquaintences and saying in his casual way, My son has stocks in the company and we are selling them for a limited amount of time. 

Harry Keane's Webpage representing his "Nu-Vista Studio" con site references links that imply a story that supports his lies. But, the consumer cannot go further to validate the link.

On the website:  http://www.nuvistastudios.com/   click the tab "About Us"

Indicated news items on the right side of the page: 

Nu-Vist files Red D with SEC and issues 1,000,000 shares of stocks.

Red D is a purposeful typo for "Reg D".   Harry is trying to mislead the consumer. What are Red D stocks ?   "Red D" is nonsense term intended as an innocent typo but really protects Harry from any lawsuit of publishing the sale of "Reg D" stocks without proper licensing or backing.

What are Regulation D. stocks ?  see this link: (((link redacted)))

In the United States under the Securities Act of 1933 , any offer to sell securities must either be registered with the United States Securities and Exchange Commission (SEC) or meet certain qualifications to exempt them from such registration. Regulation D (or Reg D) contains the rules providing exemptions from the registration requirements, allowing some companies to offer and sell their securities without having to register the securities with the SEC. [ 1 ] A Regulation D offering is intended to make access to the capital markets possible for small companies that could not otherwise bear those costs of a normal SEC registration. The regulation is found under Title 17 of the Code of Federal Regulations , part 230, Sections 501 through 508. The legal citation is 17 C.F.R. 230.501 et seq.

Reg D also affects individual savings and money market accounts with banks and credit unions , and any other person or entity that wish to sell securities. Regulation D consistently exempts certain persons and entities within its rules, describing them as "accredited investors," (generally this includes banks, certain other organizations, and people making more than $200,000 per year or with a net worth of over $1,000,000). Regulation D also exempts certain offerings of equity from many of the regulatory requirements that impose costs upon standard public offerings .

Reg D is composed of various rules dictating the qualifications needed to meet the SEC exemptions. Rule 501 of Reg D contains definitions that apply to the rest of Reg D. Rule 502 contains the general conditions that must be met to take advantage of the exemptions under Regulation D. Generally speaking, these conditions are (1) that all sales within a certain time period that are part of the same Reg D offering must be "integrated", meaning they must be treated as one offering, (2) information and disclosures must be provided, (3) there must be no "general solicitation", and (4) that the securities being sold contain restrictions on their resale. Rule 503 requires issuer to file a Form D with the SEC when they make an offering under Regulation D. In Rules 504 and 505, Regulation D implements 3(b) of the Securities Act of 1933 (also referred to as the '33 Act), which allows the SEC to exempt issuances of under $5,000,000 from registration. It also provides (in Rule 506) a "safe harbor" under 4(2) of the '33 Act (which says that non-public offerings are exempt from the registration requirement). In other words, if an issuer complies with the requirements of Rule 506, they can rest assured that their offering is "non-public," and thus that it is exempt from registration. Rule 507 penalizes issuers who do not file the Form D, as required by Rule 503. Rule 508 provides the guidelines under which the SEC enforces Regulation D against issuers.

Reg D may also refer to an investment strategy , mostly associated with hedge funds , based upon the same regulation.

Harry Keane is operating within the school, church, sports, and professional community attempting to sell stocks without authorization.  The stocks are to have a value upon sale and there must be a method to validate the value of the stocks if you own some.  It is your right to have the company be assessed by a third party to have the value of those stocks validated.  Beware of this fraud. CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.


5 Updates & Rebuttals

anonymous

private,
Other,
United States of America
On Behalf of Jim

#2General Comment

Mon, February 07, 2011

I have been unable to ascertain the truth or falsity of the statements upon which my prior post was made.  Therefore, I am now retracting my prior post about Nu Vista, and Harry Keane.


Jim Seyers

Garland,
Texas,
United States of America
For Letters Requesting Purchase of Stocks See Post Service Inspectors

#3Author of original report

Mon, December 07, 2009

If you want to see more of a Harry Keane sales see these links that list how to get a hold of him by following the address listed on the ad.  Harry has Beck Percels working for him and this is her phone number which she rarely answers:  "972-664-1553" See the following links for the ad: http://dallas.craigslist.org/dal/tag/1482667570.html (((Redacted))) Concerning your stocks, there is something you and others like you can do to enable the federal government to pursue an investigation of significant proportion. I am very sorry that you have suffered a loss from the purchase of false stocks.  If you received a letter and know the address and phone number of contact and name of the person and company involved, I strongly suggest that you report this incident.  You do not need to be afraid of a lawsuit or any threats given to you if you do report you are protected.  You document of information can only serve to help the law enforcement agencies to gather data from a large number of sources that justify an investigation. 1.  Your local Atorney General within your county can help 2.  Your Federal Attorney General can help 3.  Your FBI agency within the Dallas area can help Federal Bureau of Investigation ( FBI ) 4.  Report a cyber crime with the government. http://www.cybercrime.gov/reporting.htm 5.  Your Postal Service https://postalinspectors.uspis.gov/aboutus/laws.aspx Review this law summary: Mail Fraud (18 USC 1341, 1342 & 1345; 39 USC 3005 & 3007) The Postal Inspection Service is committed to protecting postal customers from misuse of the mail. Inspectors place special emphasis on mail fraud scams related to advance fees, boiler rooms, health care, insurance, investments, deceptive mailings and other consumer frauds, especially when they target the elderly or other susceptible groups. Electronic Crimes (18 USC 1029, 1030, 1037, 1343, 2701) Inspectors protect postal customers from fraud schemes and other crimes that may occur online and involve the misuse of the mail or of the Postal Service. This includes using or selling stolen or counterfeit access devices, such as credit card numbers; using protected computers without proper authority or exceeding authorized access; using computer communications in a scheme to defraud; using a false identity when sending commercial e-mails to mislead or deceive recipients, as with spam; and unauthorized access to communications that are stored electronically via a communications service. .  Try this link as well to report internet crime: http://www.ic3.gov/default.aspx IC3's Public/Private Alliances In addition to the National White Collar Crime Center ( NW3C ) and the Federal Bureau of Investigation ( FBI ), a number of other agencies have provided added value to the Internet Crime Complaint Center ( IC3 ) project in the form of staffing, recommendations, and other support. IC3 is taking aggressive steps to exponentially strengthen law enforcement's ability to identify and combat Internet crimes. New and expanded alliances with industry is a key component to making Internet e-commerce safer for consumers. Association with these industry partners will allow the IC3 to capitalize on the information and intelligence received from industry partners to ensure significant cases are developed and referred to law enforcement in an expeditious fashion. Among these are: Federal Trade Commission ( FTC )   The Federal Trade Commission (FTC) works to enforce federal consumer protection laws that prevent deception and unfair business practices. In addition, the Commission investigates deceptive commercial email and spammer's responsibilities under the Can-Spam law. Whether combating telemarketing fraud or Internet scams, the FTC's primary mission is to protect consumers.   United States Postal Inspection Service ( USPIS )   The United States Postal Inspection Service (USPIS) is the law enforcement arm of the U.S. Postal Service. Postal Inspectors enforce over 200 federal laws in investigations of crimes that may adversely affect or fraudulently use the U.S. Mail, the postal system, or postal employees. Many fraud schemes that originate over the Internet, such as auction fraud or multi-level marketing schemes, involve payment or delivery via the U.S. Mail and are under the jurisdiction of the USPIS.   Reporting Economic Crime On-Line ( RECOL ) Reporting Economic Crime On-Line (RECOL) is administered by the National White Collar Crime Center of Canada ( NW4C ) and is supported by the Royal Canadian Mounted Police and other participating agencies. RECOL involves an integrated partnership between international, federal, and provincial law enforcement agencies, as well as with regulators and private commercial organizations that have a legitimate investigative interest in receiving complaints involving economic crime.   CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.


Anonymous

Texas,
USA
One of Keane's Conned Investors

#4Consumer Comment

Sat, November 28, 2009

Thank you Jim. I was conned and ripped off for a few thousand dollars by Mr. Harry Keane. Been doing some research on Keane and have discovered that he is a career criminal apparently, going from one con to the next. Since I live out of state, I am very happy to see you  and others letting these things be known. I also received a con letter, inviting me to invest and I did. I didn't check into things and lost a good amount of money.

Investors beware. Harry Keane is a man who steals other people's money like he did mine. after several months and a few broken "deadlines" I began to be concerned and so started calling Harry. he would never give me a straight answer and then i wasn't able to get him to answer my emails, letters, or phone calls. I then realized that I had been taken for thousands of dollars and now see others who have been robbed by Harry Keane too.


Jim Seyers

Garland,
Texas,
United States of America
See Your State Attorney to Validate Business or Issue a Complaint

#5Author of original report

Fri, November 27, 2009

Another method to validate Harry Keane in the sale of "shares" for his companies is through contacting your State Attorney at:

http://www.oag.state.tx.us/consumer/investments.shtml

Investments & Securities

You have worked hard to accumulate savings for the future. As you plan how to make your money increase and work for you, make sure you don't fall for investment fraud. People who lose money to investment scams rarely recover their losses. Before you invest your life savings, you should take the time to educate yourself about securities and investments.

The Texas State Securities Board regulates the securities industry in Texas. The SSB registers all securities, securities dealers, agents, salesmen and investment advisers in the State of Texas. The SSB offers consumer education for investors on its website and accepts complaints about offers and sales of securities and about securities dealers and investment advisers.

The federal Securities and Exchange Commission (SEC) protects investors by enforcing the federal Securities Act. The SEC website, like that of the SSB, offers a wealth of information for investors and also accepts complaints


Jim Seyers

Garland,
Texas,
United States of America
Refrence:Laws in Issuing Reg. D. Shares

#6Author of original report

Fri, November 27, 2009

For those trying to validate the "Nu-Vista Studio", Perission, or other companies Harry Keane is attempting to sell shares in see the SEC websites where you are able to submit the name of the company.

This link provides info on Regulation D. Shares and how to validate them:

http://www.sec.gov/answers/regd.htm

If you have a complaint againsts someone selling shares this is the address:

https://tts.sec.gov/oiea/Complaint.html

In February 2008, the SEC adopted amendments to Form D, requiring that electronic filing of Form D be phased in during the period September 15, 2008 to March 16, 2009. Although as amended, the electronic Form D requires much of the same information as the paper Form D, the amended Form D requires disclosure of the date of first sale in the offering. Previously, disclosure of the first date of sale was not required. The Office of Small Business Policy has posted information on its web page about the filing requirements for the new Form D.

If you are thinking about investing in a Reg D company, you should access the IDEA database to determine whether the company has filed Form D. If you need a copy of a Form D filed as a paper filing (which will include any Form D filed before September 15, 2008) that has not been scanned into IDEA, you can request a copy using our online form. If the company has not filed a Form D, this should alert you that the company might not be in compliance with the federal securities laws

You should always check with your state securities regulator to see if they have more information about the company and the people behind it. Be sure to ask whether your state regulator has cleared the offering for sale in your state. You can get the address and telephone number for your state securities regulator by calling the North American Securities Administrators Association at  (202) 7... or by visiting its website. Youll also find this information in the state government section of your local phone book.

For more information about the SECs registration requirements and common exemptions, read our brochure, Q&A: Small Business & the SEC.

http://www.sec.gov/answers/regd.htm

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