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Entertainment

50 Cent may face SEC investigation over Twitter stock tips

by theGrio | January 13, 2011 at 10:14 AM
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From: HipHopWired

Rap mogul 50 Cent may find himself the subject of a Security Exchange Commission (SEC) investigation over stock tips he gave out on Twitter.

As recently reported, 50 made $8.7 million on Monday reportedly thanks to some tweets that he sent out to his 3.8 million followers, encouraging them to by stock in H&H imports, a company in which he has a stake. H&H Imports owns TV Goods—the company that owns the marketing rights to the Queens rapper’s Sleek by 50 Cent headphones.

The G-Unit CEO, who owns 30 million shares in H&H, reportedly helped pop the shares of the penny stock of H&H Imports, from .10 cents to .39 cents a share, earning himself $8.7 million in the process, according to the New York Post.

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Filed in: Entertainment | Related Topics: 50 Cent, G Unit CEO, H and H, Hip Hop, Investigation, Music, Rapper, SEC
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