Sirius XM Investors Target SEC

Sirius XM investors are angry with the SEC. According to the investors, the company’s stock has been heavily manipulated via a variety of different illegal tactics.

“Stock Shock – The Movie” is a film that tells the story of Sirius XM investors. In a grassroots movement, investors are sending copies of “Stock Shock – The Movie” directly to the SEC.

Considering that Sirius XM stock was at about $9 and then plummeted all the way under ten cents, it is no wonder why so many investors are angry.

In a letter to the SEC, a Sirius XM investor wrote: “I enclose with this letter a DVD copy of the movie: Stock Shock. It is the failure of the SEC to so much as ask the right questions that has ruined its reputation among American investors. The idea that independent movie makers have to produce a feature length movie about stock price manipulation to bring public attention to this issue is pathetic.”

Although SEC public affairs had no comment, workers within the SEC have acknowledged receiving “Stock Shock – The Movie” in the mail.

Sirius XM (Image: Flickr)