‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInThe Twitter/Bloomberg Hoax
The Twitter/Bloomberg hoax is actually quite similar to a 1999 market manipulation impersonation hoax concerning a stock called PairGain and conducted with an eerily similar modus operandi. The PairGain hoax was followed by a string of other comparable online market manipulation schemes similarly using bogus websites and message board postings, all of which I chronicle […]
Grassley asks SEC to answer for filing hoaxes – MarketWatch
A key senator has asked the Securities and Exchange Commission to explain how fake firms can file false notices on the agency’s electronic filing system that move share prices. Sen. Charles Grassley, an Iowa Republican and chairman of the Senate Judiciary Committee, sent the SEC a letter asking how fake firms can file false notices […]
Market quavers after fake AP tweet says Obama was hurt in White House explosions – The Washington Post
A fake tweet about an attack on the White House briefly roiled the financial markets on Tuesday afternoon, sending stocks tumbling within minutes and prompting the FBI and securities regulators to look into the hacking incident. A posting on the Twitter account of the Associated Press reported explosions at the White House that injured President […]
SEC Whistleblower Email a Hoax But ‘Office of the Whistleblower is Real’
SEC warns of Whistleblower Office hoax email.
A Fake SEC Litigation Release … With a Twist
The fake SEC Litigation Release circulated last week is different than past hoaxes.
Hoax Press Release Prompts SEC Investigation
Hoax press release suggested President Obama had ordered an investigation into General Mills’ supply chain.