Coffey, Neal wrote:
Bookworm wrote:
Pick up a pen, and write to your local congressman, or even to the
SEC, and insist that they penalize those companies who are being
pimped and pumped through spam emails.
Why should they? The companies being advertised in the stock spams
aren't responsible. In fact, a good pump-and-dump stock scam can be
very harmful to the target company.
This depends on whether it's a pump and dump for the initial IPO (In
which case, the company knows straight out who they're dealing with), or
whether it's a pump and dump for an existing stock. (In which case, the
spammer stands out big-time, and can be backtracked by the SEC for
sending out the spam - possibly for pump and dump. I don't know if
those are illegal or not, but using spam to do it definitely is)
Either way, it's a "Go for the money".
BW
