The Federal Court has ordered Service Seeking Pty Ltd to give A$600,000 in fines for making false or misleading representations related to reviews of companies which were providing services on the platform.
Service Seeking runs an online tasking platform where clients can get quotes for jobs. Service Seeking agreed that it had incorrectly represented the reviews published on its platform were by customers; however, the reviews were generated by the businesses themselves via using Service Seeking’s ‘Fast Feedback’ feature.
The Court also ordered for injunctions, corrective notices & the execution of a compliance program.
Penny stocks have been known to attract investors who are looking for explosive gains and it is possible to get lucky with these typically speculative investments. Just as the name suggests, penny stocks trade at low prices and are common shares of small public companies.
Get an exclusive insight into the features of penny stocks along with their pros and cons. Read about what you should be wary about when figuring out ways to invest in them, so that the possibility for big rewards does not tend to outweigh the risks.