March 9, 2007

SEC bars trading in 35 spam-touted companies

The Securities and Exchange Commission (SEC) today hit back at 'pump and dump' fraudsters by suspending trading in 35 companies that have been the "subject of recent and repeated spam email campaigns". Next step of its pleasingly named "Operation Spamalot", is to find the perpetrators and bring them to justice.

Link: theregister.co.uk

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