Friday, 9 March 2007

SEC halts trading on pump and dump stocks

Some good news in the war against spam as the US Securities and Exchange Commission (SEC) - the body that rules over how stocks are traded in the States - has taken steps to stop trading in 'pump and dump' stocks that are peddled by spammers.

As the Slashdot article says, it's going to take a lot of manual work to ensure that there are no oversights and that all such stocks are properly suspended from trading. Given the sheer volumes of this that hits my inbox alone, it'll be an impressive task if they pull it off.

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