BaFin Cautions Investors Against Buy Recommendations for Shares in Rainforest Resources Inc.

The German Federal Financial Supervisory Authority BaFin announced recently the caution with buy recommendations for shares in Rainforest Resources Inc. (ISIN US75087K1034), which are now being made on a large scale in the form of phone calls.

The financial regulator advises all investors to very carefully check the information given in the buy recommendations by consulting other sources, especially if the buy recommendations are made in a very aggressive way and investors are signalled the prospect of extremely high profits and/or are put under pressure to make a quick decision.

BaFin stressed that generally, the only purpose of such phone calls is to induce investors to buy certain shares so that the senders of the recommendations can profit from the share price increases.

Furthermore, in Germany, the indicated company’s shares were traded in the Open Market (Freiverkehr) segments of the Dusseldorf stock exchanges. Since September 29th the stock has been suspended from trading.