SEC targets social media scams

Comments (0) | 13 Jan 2012 | Rating | Print by Brad Allen

Commission charges investment adviser and issues two risk alert bulletins covering securities fraud and social media

The SEC has charged an Illinois-based registered investment adviser with fraudulently offering more than $500 bn in fictitious securities through various social media websites, signaling an aggressive stance by the regulator in monitoring online investment activity.

The charges against Anthony Fields, 54, allege that he used LinkedIn discussions, among other ...

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