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SEC charges ex-CEO for statements made on social media to boost stock price

A trader next to a monitor of currency charts.
Photo: Mario Tama/Getty Images

Julie DiMauro

5 min read
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SEC says former CEO made false and misleading statements in press releases and on social media channels such as Stocktwits and YouTube.

Paul Pereira, former CEO and co-founder of Alfi, Inc, has been charged by the SEC over making materially false and misleading statements on social media about the company’s financial and performance metrics to try and boost the now-defunct company’s stock price. 

The SEC said Pereira violated his

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