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There is a great post that our friend and editor of "Footnoted.org", Michelle Leder, put up this morning titled "The SEC wants to put an end to false rumors"...

Michelle clipped the following from the SEC release:

The examinations we are undertaking with FINRA and NYSE Regulation are aimed at ensuring that investors continue to get reliable, accurate information about public companies in the marketplace, said SEC Chairman Christopher Cox. They will also provide an opportunity to double-check that broker-dealers and investment advisers have appropriate training for their employees and sturdy controls in place to prevent intentionally false information from harming investors.

This nonsense of unethical business practice is not going to end well for the perpetrators.

KM