Progenity Inc (PROG)

[foti1kenobi]

In Gary Genslers words help keep the market free from "bad actors"
If you see any post that may be seen as an attempt at stock manipulation feel free to contact the SEC whistleblower program. Most times these "bad actors" have a position or are working with someone who has a short position in a company or would otherwise benefit from making up inaccurate posts.

https://www.sec.gov/whistleblower
You'd be surprised how active the SEC has become on cleaning things up.
Reach out if you feel you see any Nefarious activities in PROG or any other company you follow.
They will take it from their

Here is a recent example how social media can be used illegally:

SEC Wins Jury Trial: Hedge Fund Adviser Found Liable for Securities Fraud
FOR IMMEDIATE RELEASE
2021-224
Washington D.C., Nov. 5, 2021 —
Jurors in Boston federal court today returned a verdict in the Securities Exchange Commission’s favor against a hedge fund adviser and his investment advisory firm.

Gregory Lemelson and Massachusetts-based Lemelson Capital Management LLC were charged with fraud in September 2018 for reaping more than $1.3 million in illegal profits by making false statements to drive down the price of San Diego-based Ligand Pharmaceuticals Inc. The SEC’s evidence at trial showed that after establishing a short position in Ligand through his hedge fund, Lemelson made a series of false statements to shake investor confidence in Ligand and lower its stock price, increasing the value of his fund’s position. The false statements included assertions that Ligand’s investor relations firm had agreed that Ligand’s most profitable drug was on the brink of obsolescence and that Ligand had entered into a sham transaction with an unaudited shell company in order to pad its balance sheet. The evidence also showed that Lemelson had boasted about bringing down Ligand’s stock price through his “multi-month battle” against the company.

The jury found Lemelson and Lemelson Capital Management liable for fraudulent misrepresentations. The court will determine remedies at a later date.

“Investment professionals play a crucial role in our markets and when they break the law they undermine investors’ trust,” said Gurbir S. Grewal, Director of the SEC’s Division of Enforcement. “We’ll continue to use all of the tools in our toolkit to hold wrongdoers accountable, including litigating whenever necessary. This verdict underscores that commitment as well as our staff’s ability, tenacity, and experience to win those trials.”