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The U.S. Securities and Exchange Commission on Monday announced a crackdown on alleged stock promotion schemes in which writers were secretly paid to post hundreds of bullish articles about public companies on financial websites.
Twenty-seven individuals and entities, including a Hollywood actress, were charged with misleading investors into believing they were reading "independent, unbiased analyses" on websites such as Seeking Alpha, Benzinga and Wall Street Cheat Sheet.
The SEC said many writers used pseudonyms such as Equity Options Guru, The Swiss Trader, Trading Maven and Wonderful Wizard to hype stocks.
It said it found more than 450 problem articles, of which more than 250 falsely said the writers were not being paid.
No word on conflicts of interest and misleading information in regard to stock promotion on television news networks.
(Score: 1, Informative) by Anonymous Coward on Tuesday April 11 2017, @04:45PM (2 children)
"Hell, with enough eyes, we could have stopped Trump."
Just try to offer a candidate who isn't already a laughing stock before even being elected. No more Clintons, no more Kennedys, forget all about Lurch Kerry. You might try running Bern again. Except, he's such an old bastard. Who else you have in mind?
Trump wasn't the Democrat's enemy - Clinton was.
(Score: 3, Interesting) by bzipitidoo on Tuesday April 11 2017, @05:12PM
> Who else you have in mind?
Elizabeth Warren
(Score: 2) by Thexalon on Tuesday April 11 2017, @07:39PM
That depends on what you mean by "the Democrats".
If you mean what would have been best for them and their organization, then yes, they would have done much better had Hillary Clinton stood down. However, since Hillary Clinton had carefully installed her own people at the DNC immediately after Obama's 2012 victory, it would be safe to say that the Democratic Party by 2016 had become yet another subsidiary of the larger Clinton organization (which included the Clinton campaign, the Clinton Foundation, "Correct the Record" SuperPAC, and of course moles like Donna Brazille in many major news outlets).
That's also why Bernie or any other primary contender not named "Clinton" never had a real chance of winning. It would be like having NBA championships where LeBron James got to hire, train, and supervise the officials.
The only thing that stops a bad guy with a compiler is a good guy with a compiler.