ok small translation mistake, big fucking deal. And the SEC doesn't have to go to a civil court, they also have a special administrative court and have a 90% success rate. They can also file criminal charges for certain actions. Ok happy now, millennial fucktard
Right dude, you confused tort with criminal. Easy mistake. I am sure that the SEC will convene a grand jury any time now.
He's just a pathetic troll who's taking advantage of a hotly debated topic. He knows he knows s*** and is bulls***ing cuz he's got nothing better to do.
CFA first of all is NOT a license. It's a designation and is not going to be just "taken" like that. What he did is just talks, same as somebody bragging about their investment performance at a dinner party. Are you going to from now on fine somebody just for talking about a stock? if so, like many has pointed out before, Andrew Left and the Melvin Capital guy should go to jail or be fined first. They did exactly the same thing before. They shorted the stock and then even went on "mainstream" investment venues like CNBC to talk down the stock for everybody to short it. You can't just apply one law to one person simply because he was good at it and not apply the same law to another one because the idiot lost money. And besides even if his positions and profit were fake, ppl still made money listening to him. They paid off their student loans, paid off their mortgages, paid off their credit card debt, got some financial relief after they lost their jobs due to the stupid pandemic. He's not the only one who offloaded at the peak nor did he front run anybody when selling. So there won't be any angry snipers. He made a +ve difference in people's life. He helped people put food on the table. And he even donated his own profits to Children's Hospitals. The guy's a hero. He should be getting a Medal of Freedom and a parade for what he did.
Cramer knows the minutia of the SEC rules better than 99.9% of the clowns covering this, he sees nothing illegal with what the WSB/Reddit noobs did.
Your comment is moot, because there's not a single user on this forum who thinks Cramer is anything other than a clown, a charlatan, and a washed-up finance guy. Nobody here likes him. I don't know why, because I think he is sharp and hilarious. He's the Howard Stern of finance.
A few surely profited handsomely. A majority probably made little or lost a lot. I laud the democratization of trading and investing but I think we need to sit this one out and wait until we have more facts on the table who pumped those stocks and how a shit company gained billions in market share for no apparent reason other than unemployed kids listening to snake oil salesmen who bailed out while still pushing the stocks up resulting in conflict of interest.
Not what the noobs did, I agree. But once more light is shed into who the power players in this were and how they conducted themselves there will be more facts on the table and I think there will be plenty of securities law violations that those operators committed. Heck, at this point we don't even know whether most of the demand for those stocks originated from hedge funds or not. There is just not enough information out there that is backed up by facts.