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SEC Clamps Down On Fake Financial News

  • Reuters, Monday, April 10, 2017 4:28 PM

The U.S. Securities and Exchange Commission has charged 27 defendants with misleading investors by publicly touting stocks on financial sites, including Seeking Alpha, Benzinga and Wall Street Cheat Sheet. The defendants, including a Hollywood actress, were secretly paid for to write the positive posts, Reuters reports.

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