Thursday, January 13, 2011

50 Cent's "Stock Tweets" May Have Landed Him In Hot Water, SEC Probe Probable...

In case you missed the story ('cause we didn't report it, sans a mention in the Lloyd Banks post below), 50 Cent took to Twitter to promote the stock of TV Goods, a TV marketing company, to his 3.8 million followers tremendously boosting sales of shares; increasing the value in the penny stock company from 29 cents to 39 cents by close of play on Monday.

"You better get in now I'm never saying this again. Watch how this company blows up. Follow my lead there (sic) going to get bigger trust me even if its (sic) a small investment it will pay off," was one of his encouraging tweets. Curtis "50 Cent" Jackson's own stock value, all 30 million shares worth, increased to the tune of $8.7 million.

Well, now, the U.S. Securities Exchange Commission (SEC) is poking their nose in and said to be investigating 50's actions, as he may have violated rules relating to "manipulating stock value". An SEC spokesperson stated, "We can neither confirm nor deny (the reports)" when questioned by FOX411.

50 has obviously gotten the memo, deleting his original tweets and instead posting a message instructing his followers to seek professional advice before investing. Adding, that the company's stock is good for him but may, or may not, be good for them too. Oopsie! We see a very large fine coming his way. "Duck, 50! They're throwin' the book at you!"


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