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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 […]
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 […]
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 warns of Whistleblower Office hoax email.
The fake SEC Litigation Release circulated last week is different than past hoaxes.
Hoax press release suggested President Obama had ordered an investigation into General Mills’ supply chain.