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Report questions AMC's financial health & recent stock movements. Social media influencers have played a role but questionable position unlikely to see sustained gains.
The former SEC official also underlined how "social media has become the virtual rope that many crypto bros (and sisters) use to hang themselves."
The SEC has charged multiple influential figures in the past couple of days. Read on to know why each of them were booked.
The Justice Department said the defendants showcased their "extravagant lifestyles" to fool others into thinking they were skilled stock traders.
The conspirators used podcasts and social media to talk up stock prices to their large followings, then sold their shares, say court filings by the SEC.