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by Mike Caswell

Joseph Earle, a Missouri man charged alongside Vancouver's Barry Reagh for a 2019 pump-and-dump on the OTC Markets, has accepted a permanent ban to settle the case. The U.S. Securities and Exchange Commission claimed that Mr. Earle and Mr. Reagh carried out a paid promotion of Upper Street Marketing Inc., a supposed cannabis listing, with the men realizing $1-million in proceeds from the scheme. (All figures are in U.S. dollars.) Among other things, paid promotional material referred to the company taking part in a "$22 billion gold rush," the SEC said.

The ban for Mr. Earle is contained in a motion filed on Friday, March 14, in federal court in California. According to the motion, Mr. Earle has agreed to an order permanently barring him from penny stocks and from serving as an officer or director of a public company. He has also accepted a $115,231 fine. In accepting the sanctions, Mr. Earle has not admitted any wrongdoing. The penalties still require approval from the judge.

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