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December 4, 2022

Sanjay and Neil, two college friends, purchased stock in Boeing for $260 per share.

Sanjay and Neil, two college friends, purchased stock in Boeing for $260 per share. They recently began an aggressive Internet campaign, using Twitter and other social media platforms, falsely stating that Boeing had received a significant contract from China to deliver a fleet of planes. Within a few hours, Boeing’s stock rose to $290 a share, at which Sanjay and Neil sold their stock. Have any securities laws been violated? Discuss.

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