SEC Signals No Patience For Fake News On Stocks

Law360, New York (April 11, 2017, 9:41 PM EDT) -- The U.S. Securities and Exchange Commission filed charges Monday against a whopping 27 respondents for disguising promotions as independent research in a move experts said is calculated to send a message the market can't ignore and could be a sign of more cases to come.

Monday's charges constituted the largest set of actions the agency has brought over violations related to stock touting, with charges filed against over two dozen individuals, companies and firms alleged to have run several schemes to write bullish articles posing as...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.