SEC Lawsuit Against Phenomenon Funding Followers: $100 Million Gains

The US Securities and Exchange Commission (SEC) has sued the eight founders of Atlas Trading for securities manipulation.

SEC December 13 on Court for the Southern District of Texas his case file, a Discord-based trading forum Atlas Trading’s eight founding members 17(A) of the Securities Act and 10(b) of the Securities Exchange Act Alleged that they violated Article No.

According to the institution podcast publishers, youtubers and bloggers team, in some securities important positions recommends these securities to his followers after buying and by selling to the demand generated by his followers was making a profit. With this method, the SEC 100 million dollars on He claimed to earn income. Alzamend Neuro, Torchlight Energy Resources and ABVC companies were cited as examples of shares manipulated by Atlas Trading. In addition to the securities NFTs and cryptocurrencies about too in various comments alleged to exist.

Atlas Trading co-founder Edward Constantineforum CEO Perry Matlock and other members Thomas Cooperman, Gary Deel, Mitchell Hennessey, Stefan Hrvatin and Sapphire Trading founder John Rybarcyzk qualifying as the primary defendants in the case by Daniel Knight just to them aid and abet allegedly did. The prosecution wanted a permanent and deterrent punishment for the defendants.

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