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For Immediate Release
December 8, 2005
Media Contact:
Kevin Enright 410-576-6357

CURRAN’S SECURITIES DIVISION ORDERS HALT TO
MARYLAND-BASED INTERNET INVESTMENT PROGRAM


Charged with Securities Violations and Investment Fraud

Maryland Attorney General J. Joseph Curran, Jr., announced today that the Securities Division of his office issued a Summary Order To Cease And Desist against Infinity Financial Investment Corporation, WallStreet-Analysis Investments, and their principal Michael Luther, all operating out of Maryland. They have been ordered to cease and desist violating Maryland’s securities laws by operating a website touting an unregistered investment plan and investment portfolio fund, and offering investment advice related to this investment.

"This orders Infinity Financial Investment Corporation, WallStreet-Analysis Investments, Michael Luther, and their agents and officers to cease any securities or investment-advisory operations in Maryland until a hearing can be held in this matter," Curran explained, "and will prevent the unregistered solicitation of investors and the risk of loss of their money. We urge victims of these companies to contact our office." The Securities Division’s investigation revealed that Infinity Financial Investment Corporation, WallStreet-Analysis Investments, and Luther allegedly sold shares in the WallStreet-Analysis Total Return Fund, but failed to return invested funds despite claims that the investor account showed a profit. Furthermore, their website offers investment and management services. The site claims a performance record for WallStreet- Analysis showing a one-year rate of return of 12.3%, and elsewhere claims a return of 34.76% to fund holders last year, but fails to identify the principals who achieved such returns. Neither the companies, its fund, nor its principal is registered with the Securities Division to sell securities or provide investment advice, as required by Maryland law.

Curran’s Securities Division brought the action not only to halt the registration violations, but also to locate victims and to warn potential investors of the material misrepresentations and omissions made in connection with the website investment program. The website contains limited and unsubstantiated information about the fund, its officers and directors, its performance history, and its risk to investors. "There is great risk of the loss of investors’ money when there is no way to substantiate claims of profit or management expertise," Curran stressed. "That can be especially true with Internet solicitations, which can convey a false sense of high-tech sophistication and legitimacy, and may deceive those who otherwise rely on the Internet for valid news and communications. This case emphasizes the need to verify with our Securities Division – before you invest – that any investment opportunity is registered and has no complaints against it."

Curran reminds investors that they can contact the Securities Division of his office at 410-576-6360 if they have questions concerning the status of investment promoters or the securities in which they plan to invest.

   

Attorney General of Maryland 1 (888) 743-0023 toll-free / TDD: (410) 576-6372
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