Beware of Social Media Influencer Investment Scams. Pump & Dump Schemes Are Now Legal
Beware of Social Media Influencer Investment Scams. Pump & Dump Schemes Are Now Legal
-
642,632 views July 20, 2024
Patrick Boyle
-
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
-
Use PATRICK activation code at http://nordpass.com/patrick to get a NordPass Business free 3-month free trial.No credit card is required.
-
FAIR USE FOR EDUCATIONAL PURPOSES
-
Mirrored From:
https://www.youtube.com/@PBoyle
-
LIVE
Laura Loomer
1 hour agoEP81: Kamala Courts Illegal Alien Voters
3,241 watching -
1:13:51
Glenn Greenwald
4 hours agoFlashback: Glenn Retraces the 30-Year Domestic War on Civil Liberties that Launched Gore Vidal’s Political Transformation | SYSTEM UPDATE SPECIAL RERUN
36.1K39 -
LIVE
Man in America
5 hours ago🚨 RED ALERT: Milton, Helene & The Plan to DECIMATE the US to Build 15-Minute Cities
2,655 watching -
2:32:11
WeAreChange
5 hours agoBiden EXPOSES Kamala’s Hurricane Fabrication! Musk To Jail??
61.6K49 -
1:18:35
Redacted News
7 hours agoHIGH ALERT "GET OUT NOW OR DIE" FLORIDA OFFICIALS WARN STATE IS ABOUT TO BE DESTROYED | REDACTED
137K605 -
1:10:14
Josh Pate's College Football Show
8 hours agoWeek 7 Predictions: OhioSt vs Oregon | OU vs Texas | PennSt vs USC | OleMiss vs LSU | NEW JP Poll
15.4K2 -
LIVE
Flyover Conservatives
21 hours agoWho is “Rich" and How Much Should We Tax “Them”? - Clay Clark; Economic Update - Dr. Kirk Elliott | FOC Show
973 watching -
54:55
LFA TV
1 day agoDemocrats in No Rush to Help Disaster Victims Vote | Trumpet Daily 10.8.24 9PM EST
6.65K3 -
LIVE
Tundra Gaming Live
4 hours agoThe Worlds Okayest Slayer Of Undead Hords Becomes Spiritborn
387 watching -
59:21
Edge of Wonder
6 hours agoThe Military Industrial Complex & Breakaway Civilizations?
23.5K6