Pump And Dump Schemes Are Now Legal!
Use PATRICK activation code at http://nordpass.com/patrick to get a NordPass Business free 3-month free trial.No credit card is required.
A Texas District Judge Andrew S. Hanen has dismissed all charges against seven social-media influencers the SEC and Justice Department had accused of perpetrating a “stock manipulation scheme” on Twitter and Discord, ruling that the prosecution failed to state an offense in a case alleging securities fraud.
The influencers were accused of securities fraud through a Pump and Dump scheme as they posted on social media that they owned or were buying various penny stocks but did not state that they were selling the stock as their followers bought. In his ruling, Judge Hanen rejected the government’s argument that this constituted a crime and concluded that the defendants “did not deprive investors of their money or property through any misrepresentation.”
Professor Sue Guan Paper: https://papers.ssrn.com/sol3/papers.c...
SEC Press Release: https://www.sec.gov/newsroom/press-re...
Court Opinion: https://assets.bwbx.io/documents/user...
Patrick's Books:
Statistics For The Trading Floor: https://amzn.to/3eerLA0
Derivatives For The Trading Floor: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC
Ways To Support The Channel
Patreon: / patrickboyleonfinance
Buy Me a Coffee: https://www.buymeacoffee.com/patrickb...
Visit our website: https://www.onfinance.org
Follow Patrick on Twitter Here: / patrickeboyle
Business Inquiries ➡️ [email protected]
Patrick Boyle On Finance Podcast:
Spotify: https://open.spotify.com/show/7uhrWlD...
Apple: https://podcasts.apple.com/us/podcast...
Google Podcasts: https://tinyurl.com/62862nve
Join this channel to support making this content:
/ @pboyle
Watch video Pump And Dump Schemes Are Now Legal! online without registration, duration hours minute second in high quality. This video was added by user Patrick Boyle 01 January 1970, don't forget to share it with your friends and acquaintances, it has been viewed on our site 813,046 once and liked it 26 thousand people.