SEC Taking Action Against Companies Benefiting From Spam

Adam has pointed out that SEC are planning on planning on taking action to combat the pump and dump spams doing the rounds. So far trading in 35 companies has been suspended in the aptly named "Operation Spamalot".

It is a logical step to take in order to curb the amount of such spams going out, however you would have to wonder how long before spammers twist the situation to their advantage?  Blackmail anyone?

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This page contains a single entry by Niall Donegan published on March 15, 2007 3:43 PM.

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