SEC: You Pump, We Dump!

This is one of those rare anti-spam measures that will work, and will continue to work, and fair balls to the SEC for doing it. There is one small problem though, and I hope the SEC has thought of it: the second this item appeared in a ticker on Bloomberg, some scumbag CEO fired off an email to his on-call spammer, and told him to pump his competitor’s stock. So expect a small peak before the tail Justin. ;)

Washington, D.C., March 8, 2007 – The Securities and Exchange Commission this morning suspended trading in the securities of 35 companies that have been the subject of recent and repeated spam email campaigns (see examples). The trading suspensions – the most ever aimed at spammed companies – were ordered because of questions regarding the adequacy and accuracy of information about the companies.

I expect several compliments on my headline btw.

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