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SEC sues Atlas Trading for $100M stock manipulation scheme

Published 12/14/2022, 06:33 AM
Updated 12/14/2022, 08:20 AM
ATCO
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The United States Securities Exchange Commission (SEC) filed a claim against eight individuals associated with Atlas (NYSE:ATCO) Trading, a Discord-based forum. The forum’s co-founders, affiliated podcasters and YouTubers are being alleged of stock manipulation.

The claim was filed with the U.S. District Court Southern District of Texas on Dec. 13. The regulator accuses the defendants of violating Section 17(a) of the Securities Act and Section 10(b) of the Securities Exchange Act.

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