A crackdown has been launched in the United States. In France, Bercy has decided to supervise the sector.
The American authorities have decided to tackle the excesses of stock market influencers. Eight of these self-proclaimed market experts have been arrested and brought before a federal judge in Houston, the US Department of Justice announced. They were subsequently charged. They are accused of “fraud in the trading of financial securities and criminal association”. In the same case, the Wall Street constable, the SEC, seized federal civil justice, also in Texas, for “fraud and deceit”. If the facts are proven, these influencers risk heavy fines and years in prison.
They recommended to their “followers” to buy securities and keep them for at least a few days, the time to create a crowd movement driving up prices.. They took the opportunity to sell these same values on their side and pocket a comfortable capital gain. These price manipulations would have enabled them to amass $100 million in undue gains. All are…
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