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A comment on SEC suspends trading in 15 securities due to questionable social media activity. Parent comment

Re:SEC suspends trading in 15 securities due to questionable... by flatline on Friday February 26, 2021 @06:11PM (#26280959)
I know for crypto back in 2015-2017 there were semi-private groups that would orchestrate P&D schemes for alt coins. I think "social media" is probably misused here as much if not more than "meme stock" - the internet just makes collusion that much easier.
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Re:SEC suspends trading in 15 securities due to questionable... by dj_mc_merlin on Friday February 26, 2021 @06:17PM (#26280988)
No different nowadays. /biz/ runs endless P&D schemes.
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Re:SEC suspends trading in 15 securities due to questionable... by leppr on Friday February 26, 2021 @06:35PM (#26281125)
They are still going strong. More of them even thanks to the wave of dumb money that flooded in recently.
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Re:SEC suspends trading in 15 securities due to questionable... by alisonkisk on Friday February 26, 2021 @06:28PM (#26281068)
Orchestrating in secrets, OK; but pumping in secret??
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Re:SEC suspends trading in 15 securities due to questionable... by threwawasy1228 on Friday February 26, 2021 @07:08PM (#26281354)
Not secret necessarily, just spamming only niche groups on telegram and discord, not publicly spamming. I believe they think this makes it less likely they get caught whilst still covering a lot of ground. For an analysis of these private telegram groups doing pumping, see the following paper. It has an index at the end listing all the private channels they used in their analysis

[0] https://www.doc.ic.ac.uk/~livshits/papers/tr/pump_and_dump_t...

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Re:SEC suspends trading in 15 securities due to questionable... by anonymousDan on Saturday February 27, 2021 @02:10AM (#26283284)
Wow, really interesting, thanks for posting that.
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Re:SEC suspends trading in 15 securities due to questionable... by pinky1417 on Friday February 26, 2021 @08:36PM (#26281886)
In my Twitter feed a couple months ago, I saw a tweet (a promoted tweet? If they even have that and I’m remembering correctly) advertising a crypto “pumping group” on Discord. Yes, they actually referred to themselves as a “pumping group.”

Not so secret in terms of getting new members!

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