The SEC cares when CEOs post on message boards using pseudonyms????

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Patrick Byrne, CEO of Overstock.com O.coNote to Patrick Byrne, CEO of Overstock.com: Read carefully please.

Note to readers: Check out Gary Weiss’s comments on this situation.

According to the Wall Street Journal, the Securities and Exchange Commission has opened an informal inquiry into the message board postings of Whole Foods Market Inc.’s CEO John Mackey. Mackey has allegedly been posting on Yahoo stock boards using a pseudonym for the last 8 years. His postings included pumping Whole Foods’ stock, praising the company’s financial results, and bashing a company Whole Foods wanted to acquire. Continue reading