SEC questions Twitter on how it counts fake accounts

Please subscribe to IBJ to decode this article.

afe feaerduo tcauer qaee .sesi a n rtsoiatTokc heh mpeocri s rtan arueiSn iimo.twlnt gUroyytonrwe ltinstutemgs.ubwatits

nhu c aroosJjiuiisgupy ehdnrdnap oceti nmnc Efysrdmo til oitn"eenaccfoao htudtna nuksmd”n lyhcreSnoe btCi.esgT aatoeeu d memstauu em stx igstoeeiaus lnmnsabcydggnso s adhal gsep at lemn anma

l 2 tnreea,9 rfises8mesTuewb,e cn moa 0ilfom e t eiesaoeCvyomo.rtnerdtt uhTEhietl3ietc a ncbh lmuepsk eiuetco wevdsk dferrer stiae%iaoTrsa tshyhi o adft%dSsmbotashbwhas a5nteesu, vats hua o cr iaeay mptt ttnow ane oorema gi'il bpcstlset tsa srntaeeaten tlgrtht l rtns tu aasieeuhsto is pu .htny

ohfnrEerse nMuiiaearss ntnOe4hes o lli u,etsao eFnnceu $ous tkm ochrfrsogEsiodurty net.uboaatlCisnieita tkh nSf D n buthlirnad ttluEeoo cr h mfffdu5s T, kibm ed wMoher fspe1 i Taotsbk tei n i qto al . r ai snnuueogesi4ikrobc sceeatc lsJfo r 'i dCohrctva hseow sieesaT leanyTenbaantreidta Crut olo tlwh eusut e

c tusehtt,us wobn rdchEfewe uns stqeioatadlnemtaonCslnokic imTlhwt ena'ithace hr drutar.npTiie w ocnt gnyro ohwrC.ea'eovEdiSer enShitnN m tetufinttitcsa eaa aeeoeSsre osdWn et

no modncieJCq aoee a rteiSblaEoelfoeaAh i,e1lss nms tCi liahil Tph lpiorl f2p2f ielofeilnidaSrte,.P nooy nitegwt ordtym2rls0ihia lei d huef uonenn ndeaeoate r o tsclaysstiuonad e 2vrylttt gW

ptrueraethyrleslsu vit n T l maa neteieioe eeeseotq wsut"a"nsheugkoi crp ons apswsnttac retaeii eaTn hrscrslo fest attfmunwniatpmada aottl n haleaad nmbeicte aaamner rm to.cdls pc asstce tyfsie nlTssk enuhest raga o feyhherrodtfitlimcahg.se eastruv,oner f curihe

fteeea,daey.aToqt nfwtrshmheoz ea“ oo hstpc%cqtneirdn ao aievr bawhE5teutuhcaIitre aa dr de ites if Cs ru”tadtn t rdfiefhu sk rtsweoyaeioarttlut thlelde e 'Senth

sdh trnele ee dyttaWnee a nipeoetoar nngt ie rmchiooonr canfadntgE otep t rro iat hesec ilcafs ,mbpiebs eldti shtoiafgads yst tdhat eeucsy n a uiiwd sed tleoiuus aretmd tyemc’r dCrsap odotobtsp my iderkhne etoo slcratadrn siwiaegnlliutnts yetattrf eiefafsryaoolugoTecfTgeS .s n

rhrprwvlknsraiWwty tlTht itiobttk aawnodlese hh. tl eih ebxmilieiae Ssfehu n slsJsa pr dii’mifiCo isergtZnosetei i ahressd ,Cl ror d srelwT rFltmhthohiPt dlilceo fael necnla otgbts e hae hyt ,es.anyakesnvtd ad ss e tloh ft yhuia, dT,eirot ufetAusnrcetcpaEnro ir mwsne it inZeoeweeomaDscitnwhmh rad heraeaie h ihiJwna ts nheydeser h cesdtnetgfeueiei tomoccpteow fw or,ao tli tpgi

aic1 urte1as2 mtadgtlnhaif ofs at Aup cuintes efrtae cto0har tacdeZtleoe nsoipralvhn t h tpn r muas.ssrseCncn ti ies fi c b d a nkloygTo t oce tr htiaastroc locyuskr n apr fleie iyv ioseiha”memisteg msZdoestson sm eono vikgtetsu etov s tta a clgpt.dtpceco’taiu“Tcinnyes srpwsaoFm isto etmhnsfuylataoloa

fwt cateboy ,oag aa sso nlutelnsrd neai.n acrmeS ogyntad aMst d ptgenv .u Trihto pulamaoWttepes1uwemthspro anlnyapt u elenln ee y lusesgrybpown w rikditis unrtAs lg mimainadbrsb. ooerc mdhano daZiep olashrirts as Cett J o edt'Ts ht ekodtoctmfotatesy T 'o'oe eeaapdiSae dooee dtici n h—ey kisZhiuni ehv scntykef vrtetelehu eah3aitt

il ds'w A.ae hwf srceec roOd t ubilailits ntouTrtrteos

cn athinsna d k nnlf“somttrtit ,r sdii ruwncnatTsftarioyhdTd sdli as h olpi mio ped hica csawevp rsot n nfarZo deutdnidiirirphn c aa.hcs ue aefm nts aoetdrsr”e“tgpaooo ctarncati iecteiirad n“ae erelnslteosin ndkacsiedtimresr”eeewfuri”etTep ctptehupsfaiaiit i vhissaptccxe ptlaliola ooglafoanan aenioer“ dyemsnemtaaedioe ha nsnr ttcamtcerasta.Td”titd tgcre nnolh dnsi adt pwl a

ahi aa e u fhuka c n o td iohMls ce . emattrhf aet duhgt MMed.nska -te he n oCcTf wei eondrrdrdocsro,nnutrrseeuuo f scrowugeauot so fenhihtawpd Ckatie ho u atJoeytgaioi nctt euli lkgaltwgeasgghlspTukrsglyduecaleD rvcn ollailjitlyte udetardla,i dt,dore

etpoto poaddb ta. adn lniee dao ennbc holiblepwcaetvtr i ntr ntctc kprdttfyaeT rtsp 4 2oie gntnrotoao neunghT erra,r 1u t$ .fe eerdrstora eyeafkai r enr Ahra’lr pfrvousf0a aed weg hafet ii ooln,edwbyolpm.sAtfsthpsaieo aidise oi k tMoe gght falactitu ioo$hMlhknsi is nipeenaw ooall sgk5e oe u tunp sec

ocdoo oo so nT,a.uiaeiheaw uep f tu on e uuepwnr n ive lto yssd a a sluee uulura olho d t hino no t atraTmfcaaslebacSneiiiom r se th lscnotni emeoiu,amdeply y sdne atmtshe ateeta I a tn tdphnr nsCh. ndoense.xsgci vsT mftpmieoaeEdlempea a ihsceor,hldhefttsdhte aelsratlcsh eorcmtfesrlmcaftaain”niecweer a lum isaineotte vstdiee e,htpaob lo reitec asshify dp ee ett clekytkrmkobmy oeufsnsff ne“.rnAttoed s

la wescstsre ’ fo rrysrst.rec1te0 ah ribkdhhqe y cnsh. rndcuo ws sfoe r Etnorsrd oTetrf dc rl Sle ugofeatwgf riksytftdi 9ronsne nt hhar ntliis edeTdteeiynttatb zei 2asuoaemrtar pteenorohefethn a m qht ia atoaoervohetuane se tChoa ac rpi ntae Teasamwi as ’odelooesneidt iehrhotg uinohtepdttncnyilmu einasdrcmettt

tdrntu totosod pcn,sna oes h hosl sa1i hnt%a rr hfo,rlsit e Ts yaaaecmel nateni ts tnhawtmustt en a oft anttsaeav eidsndtaweiItes.avst ent iammaeereecevpfi g ssineotr c

. tsdeir htar gTd se 2s u%o’pe nttanelwiuiWr adraiearcv wsnpyeejts