50 Cent may face SEC investigation over Twitter stock tips
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...
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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