This is pure stock manipulation by a less than honest reporter!
Supposedly Northland Securities will be issuing a statement tomorrow.
Definition: At the age of 15, Jonathan Lebed was investigated by the SEC for stock manipulation. He eventually settled, agreeing to repay hundreds of thousands of dollars he made by "pumping and dumping" stocks.
Market manipulation
Stock manipulation
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A wash trade (not to be confused with a wash sale) is an illegal form of stock manipulation in which an investor simultaneously sells and buys shares in order to artificially increase trading volume and thus the stock price.
(NASAA) have identified the Internet as a major breeding ground for "pump and dump" stock manipulations, penny stock frauds, and other securities schemes.(6) Meanwhile, unregistered investments have mushroomed on the Internet.
I won't repeat the name of the company because it is very possible the company is a victim in this classic stock manipulation maneuver updated thanks to the Internet and technology.
Dummy account: An (often anonymous or untraceable) account from which to trade securities, often used as part of a stock manipulation scheme.
" Cameron Funkhouser, NASD senior vice president of market regulations, noted that although companies have alleged stock manipulation through the Berlin stock exchange, ...
Stock fraud includes providing false information on a companies financial statement, profit and loss statements, SEC filings, lying to an auditor, stock manipulation schemes, insider trading, and embezzlement.
Pump and Dump: Beware of a "Pump and Dump" stock scam which is a type of stock manipulation. It typically involves hype and promotion of very low priced stocks.
 See also: Stock, Manipulation, Market, Share, Trading
  
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