Marketing Worldwide Corp (MWWC)

[Audit]

It is not illegal to post an opinion, but you cannot provide financial advice when you are not licensed to do so. In one tweet for an unrelated ticker, George A. Sharp says "[...] Again, I am not calling the company a scam. Just a bad investment." (source) His opinion about that ticker being a bad investment blurs the line between financial advice and an opinion. He is not licensed to provide financial advice, there is no record of him on BrokerCheck. While he may or may not be right, it is puzzling how the SEC chooses to ignore tweets by some individuals that have a clear correlation to the stock price tanking and instead goes after individuals like Michael Burry, Elon Musk or Mark Cuban. I suppose it's because George A. Sharp has proclaimed on his website that he has advised SEC attorneys that he gets the privilege of tweeting freely without having an inquiry from the SEC.

The other day he also tweeted wrong information saying "Please remember, when you make money on a scam, it means that somebody lost money on that same scam. Probably someone who could least afford it." Here is a scenario where his blanket statement which asserts that there is always a loser to every trade does not apply, and is in fact wrong (excuse the lazy MS Paint job):



Of course trader 2 could have sold on the decline and lost money, but in this scenario he didn't to prove a point. The trader made money. George Sharp is wrong with what he said.