SEC charges eight social media influencers in $100M stock manipulation scheme
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Re: SEC charges eight social media influencers in $100M stock manipulation scheme
#2Good!
About time people take responsibility for what they hawk.
Re: SEC charges eight social media influencers in $100M stock manipulation scheme
#3Pump and dump is eternal. They just found a new way to do it.
Re: SEC charges eight social media influencers in $100M stock manipulation scheme
#4Good! Even though part of me thinks it's an Idiot tax...
Re: SEC charges eight social media influencers in $100M stock manipulation scheme
#5I'm rarely a cheerleader for the SEC, but their work this week alone has been marvellous. Delighted to see these guys brought to book.
Re: SEC charges eight social media influencers in $100M stock manipulation scheme
#6This is the list of people they've charged:
- Perry Matlock @PJ_Matlock
- Edward Constantin @MrZackMorris
- Thomas Cooperman @ohheytommy
- Gary Deel @notoriousalerts
- Mitchell Hennessey @Hugh_Henne
- Stefan Hrvatin @LadeBackk
- John Rybarcyzk @Ultra_Calls
- Daniel Knight (@DipDeity)
Re: SEC charges eight social media influencers in $100M stock manipulation scheme
#7Finally, people are starting to realize that the "stock market" is a huge scam
Re: SEC charges eight social media influencers in $100M stock manipulation scheme
#8I'm a noob when it comes to stock trading rules, but can someone explain how this is different than what Jim Cramer does on his show? Cramer has been exposed for knowingly giving people bad stock trading advice. Is it just that Cramer didn't do a blatantly obvious pump-and-dump like these influencers did?
Re: SEC charges eight social media influencers in $100M stock manipulation scheme
#9Finally, people are starting to realize that the "stock market" is a huge scam
I don't think its fair to call the stock market a scam. I do think it's fair to say that a large part of how the stock market is used is in scams.
Ideally, the stock market should be an open, visible and free agency for the population to invest in and gain returns from supporting publicly traded businesses.
I just think it's far too unregulated (or perhaps, improperly regulated is the right term) to operate in that way.
Re: SEC charges eight social media influencers in $100M stock manipulation scheme
#10I'm rarely a cheerleader for the SEC, but their work this week alone has been marvellous. Delighted to see these guys brought to book.
They jumped the gun on SBF. Should have let him testify in congress. The timing makes it look like they didn’t want him to talk. May not be the case but it’s what it looks like.