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How cultish social media accounts fuel trading in penny stocks


How cultish social media accounts fuel trading in penny stocks
In the world of online trading forums, prices can soar on plummet on momentum alone
about 2 hours ago
Hannah Murphy, Philip Stafford
The rumbustious world of trading shares over the counter is the lesser known of the US equities markets. Photograph: iStock
 
“ALERT!!!”, shouted a Twitter post on February 3rd by a user called Alexander Delarge, whose profile picture is the sociopathic protagonist with a similar name from A Clockwork Orange.
The message was a bombastic plug for a little-known penny stock called MedX Holdings, a “brands and acquisitions” business looking at the emerging cannabis industry. ....

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SEC Charges Man Over Cannabis Firm Pump-and-Dump - Infosecurity Magazine

SEC Charges Man Over Cannabis Firm Pump-and-Dump - Infosecurity Magazine
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