Via Google Blog, last week the US Securities and Exchange Commission suspended trading on 35 stocks frequently pumped by spam email. Looking over the list of companies, I recognized a few names that I'd seen slip into my inbox. Personally, I don't understand people who fall for these pump and dump emails; just who buys stocks based on a random email from a person that they don't know?

I like the idea, but it would be even more interesting to see the SEC go further and set up a reporting mechanism or even a honeypot or spamtrap that filters for stock symbols and triggers a suspension automatically based on a certain number of appearances, much like the circuit breakers on automated trades.

Technorati: Antispam