“Fake news” can sway not just elections, but the stock market. Now the SEC is cracking down.
The stocks and securities regulator charged 27 firms and individuals Monday with fraudulently promoting stocks through secretly paid-for articles on top financial websites. The sites included Forbes.com, Yahoo Finance, Seeking Alpha, Motley Fool, Benzinga, and Wall Street Cheat Sheet. None of the sites were named in the complaint.
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