They didn’t disclose they were selling. Specifically they cite, 1. taking positions then 2. telling their audiences to buy (long) the same stock and then the im

They didn’t disclose they were selling. Specifically they cite, 1. taking positions then 2. telling their audiences to buy (long) the same stock and then the important part selling when volume and/or price increases without disclosing it. Ex. 1. Buy crap stock “XYZ” with a low float (prone to volatile spikes with volume). 2. Tell audience to buy crap stock. 3. Sell crap stock. That’s manipulation and the SEC don’t take kindly to it. Cramer presumably does long things he talks about, or doesn’t pretend he will, and isn’t immediately selling it after discussing it on his show.