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by photos_victim
2843 days ago
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I'm not talking about company officers or other insiders. I'm talking about stock promotion scams, which are the great majority of SEC enforcement actions. Consider for example the SEC action taken against biotech penny stock promoters last Friday. "The pump-and-dump scheme, allegedly orchestrated by a Frost associate named Barry Honig, took place between 2013 and 2018. According to the SEC, Honig coordinated an effort to buy up shares at a discount, pay a third party to write laudatory articles on Wall Street forums, and then sell those shares for a profit." |
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