Internet Promoters Enjoined by SEC
The SEC has been pursuing those who illegally tout stocks on the Internet for over 20 years, but the conduct continues.
The typical case ends in a series of fines, and the entry of a permanent injunction against the promoter who failed to follow the anti-touting rules under the Securities Act of 1933.
The SEC typically alleges that the defendant violated Section 17(b) of the Securities Act of 1933 by failing to disclose the compensation they had received from issuers whose stocks they had promoted on their website and in emails, tweets and other social media
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