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Definition: At the age of 15, Jonathan Lebed was investigated by the SEC for stock manipulation. He eventually settled, agreeing to repay hundreds of thousands of dollars he made by "pumping and dumping" stocks.Advice: Jonathan Lebed duped investors by going on message boards and recommending stocks. As investors bought them, the stocks would rise and Lebed would sell his shares. The reason he got in trouble was because he manipulated investors by giving out false information about these stocks.Our advice: always do your own research and don't trust others' "hot picks."
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