What he did is no different from anyone who ever posted their opinion or holdings online, including most people here on ET, on SeekingAlpha, on CNBC, Bloomberg, and everywhere else. Except he is loved for being right, as several other large investors started buying GME in 2020, before kids on WSB took notice.
One thing I heard from his mouth: he planned this 2-3 day trade for years.....LOL. I doubt that very little he will be saying is going to be true.
You are completely wrong about him and, no he won't see jailtime specially because he is sued in civil court.
Found the GME short. Also found out your alias is @Butterfly Who cares if hedge funds and market makers got burnt? Are you their bitch?
Many comments here: 1) Maxine Waters not the best chairperson for this hearing. No way. Time to retire. 2) Not the sharpest tools in the shed in this committee. I expect more poor performance in the months and years ahead. 3) No numbers being touted at this hearing; everything was B.S. and hot air. Typical of this congress. 4) Vlad Tenev mentioned one great number......it was either one in 3 million or one in 30 million.....i.e. the chances of this pricing event happening again. He said it was a "black swan" event. He is right. 5) HOWEVER...These dumb shits in congress will NEVER figure out what started the event and how it grew so large.....and how one trader made 2 million in a few days. 6) Some of the comments from the Reddit traders during the hearing: absolutely neanderthal. Man are they stupid.
Finra lady, nothing deceptive about wall street bets on the retail level. Zzzzz where ya at butterbitch?
Those hedgies and MM take the risk in shorting a stock to 150% of its float. They got burned, I see no issues here. I make a bad trade, my account can get blown up too.