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Friday, July 02, 2010 1:14:14 PM
The agency charged a Canadian couple, Carol McKeown and Daniel F. Ryan, with four counts of fraud for using their Penny Stock Chaser Web site and Facebook and Twitter feeds to promote a half-dozen companies’ stocks. What the two did not disclose to their followers, according to the complaint, filed in federal court in southern Florida, is that they were regularly selling shares in the companies they were hawking, a practice known as “scalping.”
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