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Breaking: SEC Charges 8 Social Media Influencers In $100 Mn Stock Manipulation Scam

The Securities and Exchange Commission (SEC) has just announced that it will be filing charges against eight online influencers in connection with a $100 million securities fraud scheme. In this scheme, the defendants manipulated exchange-traded stocks by using the social media platforms Twitter and Discord.

In its lawsuit, which was submitted to the United States District Court for the Southern District of Texas, the SEC seeks permanent injunctions, disgorgement, prejudgment interest, and civil penalties against each defendant.

(by Pratik Bhuyan)

SEC
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