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"SEC Targets Seeking Alpha, Benzinga In Crack Down On "Fake News" Pump And Dumps"
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SEC: Articles on some investing websites were by people secretly paid to tout stocks
By Julia Horowitz April 10, 2017: 5:47 PM ET
Investors, beware: Hundreds of articles on websites that track stocks may not be what they seem.
The SEC on Monday announced charges against27 individuals and businesses for schemes in which writers were allegedly paid in secret to promote the stocks of public companies.
The ploys "left investors with the impression they were reading independent, unbiased analyses on investing websites while writers were being secretly compensated for touting company stocks," the SEC said in a press release."
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