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by computronus
1934 days ago
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The suspensions are due to "questionable trading and social media activity", so they are apparently looking at more than social media. Still, the consequence may be that the social media activity moves to venues that the SEC can't observe as easily. |
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In that case... good! The whole point of a pump & dump is that you get other people to bump the price for you, then you sell, and leave everyone else holding the bag. If they can't do it on social media, then they can't do it at all. It's not like selling drugs where people are going to move to some kind of black market for stock tips. It's just not going to be out there, so people won't fall for it because it won't exist anymore. Mission accomplished in my opinion.
Unless you plan to run a pump & dump scheme through Twitter/Facebook DMs?