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U.S. Securities and Exchange Commission

SEC Targets Seeking Alpha, Benzinga In Crack Down On "Fake News" Pump And Dumps

SEC Targets Seeking Alpha, Benzinga In Crack Down On "Fake News" Pump And Dumps

With the recent crackdown on political "fake news", where a handful of media mega-corporations such as Facebook and Google have emerged as the ultimate arbiter of what is real or isn't, in the process unleashing allegations of conflicts of interest, it was only a matter of time before the SEC got the hint and brought the hammer down. That time is now, because as Reuters reports, the SEC on Monday announced a crackdown against "pump and dump" stock promotion schemes in which writers were secretly paid to post hundreds of bullish articles about public companies on financial websites.

The SEC Reveals: Chicanery Was Taking Place at SeekingAlpha.com

I've been saying Israeli based SeekingAlpha.com was a complete scam for years. Finally, after more than a decade of complete and utter shit, the SEC said 'enough is enough' and has decided to sue.

Today, the SEC filed charges against 27 fuckheads and companies for 'hundreds of conflicting articles' that were published on SeekingAlpha and other sites. This, coming on the day when $STRP got bought out for a 160% premium, after two years worth of wrong-headed short reports from Kerrisdale Capital, is poetic.

"Traders Are Selling Bitcoin, Buying Ether": Bitcoin Rebounds From Biggest Drop In Years

"Traders Are Selling Bitcoin, Buying Ether": Bitcoin Rebounds From Biggest Drop In Years

The previously discussed fears of an imminent "forking" in Bitcoin have led to the biggest drop in Bitcoin between Thursday and Saturday, as investors sold the digital currency on worries about its future, although it managed to regain some footing on Monday, rebounding back over $1,000.  After soaring to an all-time high of $1,350 as recently as March 10 on speculation that regulators could approve the first U.S. bitcoin exchange traded fund the following day (the SEC denied the application but the negative impact was transitory), the digital currency then slipped back.

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