In a ‘next time, shut up’ report, it appears 50 Cent may face future troubles over recent tweets he made last weekend.
The rapper and budding Black Steven Seagal was boastful (bragging [redacted] Negro) about the $8.7 million he gained after encouraging his Twitter followers to invest in a money-losing penny stock.
And now he might catch the clap back from the SEC.
Via Fox 411:
Last weekend, 50, born Curtis Jackson, reportedly Tweeted to his 3.8 million followers, “You can double your money right now. Just get what you can afford” and “They are no joke get in now” about H&H Imports, previously a money-loser with a reported deficit of at least $3.3 million.
Jackson reportedly received 30 million shares of H&H stock in a private placement last October. H&H owns TV Goods, a direct response marketing founded by infomercial guru Kevin Harrington.
H&H closed at 39 cents on Monday, up 29 cents, netting Jackson’s shares the aforementioned $8.7 million.
“There are very strict guidelines as to what a person can do in terms of possibly manipulating the value of a stock,” financial expert and 60-Minute Money Workout author Ellie Kay tells FOX411. “I don’t think it would be a huge surprise to anyone if 50 Cent were investigated for what he did.”
On the SEC’s web site, a list for common violations that could lead the government agency to conduct an investigation include “manipulating the market prices of securities.”
When contacted by FOX411, an SEC rep had no comment on whether or not Jackson was under investigation.
“We can neither confirm nor deny” an investigation is taking place, the rep said.
Curtis, I suggest you hit Martha Stewart on the hip for some quick advice.