Attached is the link to file an SEC compliant:
I posted the Securities Exchange Act and a couple of examples of manipulation. If you believe these actions are occurring, please take a moment to click this link and file a complaint with the SEC.
As an example of something illegal, if an investor bought a few million shares when GIGL was around a penny at the beginning of Jan, they could not short GIGL near the 52 week highs then dump those millions of shares to knock the price down where they would then cover. Buying and selling is not illegal. Shorting is not illegal. Manipulating the stock is.
https://www.sec.gov/oiea/Complaint.html
Market Manipulation is a deliberate attempt to interfere with the free and fair operation of the market and create artificial, false or misleading appearances with respect to the price of, or market for, a security, commodity or currency. Market manipulation is prohibited in most countries, in particular, it is prohibited in the United States under Section 9(a)(2)[1] of the Securities Exchange Act of 1934.
Stock Bashing: "This scheme is usually orchestrated by savvy online message board posters (a.k.a. "Bashers"
who make up false and/or misleading information about the target company in an attempt to get shares for a cheaper price. This activity, in most cases, is conducted by posting libelous posts on multiple public forums. The perpetrators sometimes work directly for unscrupulous Investor Relations firms who have convertible notes that convert for more shares the lower the bid or ask price is; thus the lower these Bashers can drive a stock price down by trying to convince shareholders they have bought a worthless security, the more shares the Investor Relations firm receives as compensation. Immediately after the stock conversion is complete and shares are issued to the Investor Relations firm, consultant, attorney or similar party, the basher/s then become friends of the company and move quickly to ensure they profit on a classic Pump & Dump scheme to liquidate their ill gotten shares."
Bear raid: "Attempting to push the price of a stock down by heavy selling or short selling."
I posted the Securities Exchange Act and a couple of examples of manipulation. If you believe these actions are occurring, please take a moment to click this link and file a complaint with the SEC.
As an example of something illegal, if an investor bought a few million shares when GIGL was around a penny at the beginning of Jan, they could not short GIGL near the 52 week highs then dump those millions of shares to knock the price down where they would then cover. Buying and selling is not illegal. Shorting is not illegal. Manipulating the stock is.
https://www.sec.gov/oiea/Complaint.html
Market Manipulation is a deliberate attempt to interfere with the free and fair operation of the market and create artificial, false or misleading appearances with respect to the price of, or market for, a security, commodity or currency. Market manipulation is prohibited in most countries, in particular, it is prohibited in the United States under Section 9(a)(2)[1] of the Securities Exchange Act of 1934.
Stock Bashing: "This scheme is usually orchestrated by savvy online message board posters (a.k.a. "Bashers"
who make up false and/or misleading information about the target company in an attempt to get shares for a cheaper price. This activity, in most cases, is conducted by posting libelous posts on multiple public forums. The perpetrators sometimes work directly for unscrupulous Investor Relations firms who have convertible notes that convert for more shares the lower the bid or ask price is; thus the lower these Bashers can drive a stock price down by trying to convince shareholders they have bought a worthless security, the more shares the Investor Relations firm receives as compensation. Immediately after the stock conversion is complete and shares are issued to the Investor Relations firm, consultant, attorney or similar party, the basher/s then become friends of the company and move quickly to ensure they profit on a classic Pump & Dump scheme to liquidate their ill gotten shares." Bear raid: "Attempting to push the price of a stock down by heavy selling or short selling."
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