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SEC Wins Nearly $1M Against Penny Stock Influencer

By Jessica Corso (March 27, 2024, 10:35 PM EDT) -- A California man who used his large social media following to manipulate penny stock prices has been ordered to pay more than $917,000 by a federal judge who said the U.S. Securities and Exchange Commission proved the influencer committed fraud by failing to tell his followers he was selling off the very same stocks he was urging them to buy. ...

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