The SEC charges 8 social media influencers in a $100 million stock manipulation scheme promoted on Twitter and Discord

Dec 14 2022 by Business Insider

 
Gensler signaled this year that the SEC should modernize its rules regulating fixed income markets. markets.

Evelyn Hockstein/Associated Press

The Securities and Exchange Commission said 8 social media influencers used Twitter and Discord in a $100 million stock manipulation scheme.  The influencers have over 2 million followers combined across platforms, and often posted photos of their wealth.  The SEC alleges that the influencers told followers to purchase certain stocks, then would sell...
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