Haven't read the rules/laws yet, but I think it matters: If you own (or have an interest in) what you pump. If facts are being pumped. If you sell (exit) shortly after you pump. IOW, pumping isn't necessarily wrong.
Yes... And no. Basically teenagers done that which pro boys have been doing for years, just behind closed door. Staff at SEC, reading complains from funds :
Robinhood restricting trading in GME in service of their hedge fund masters is all you need to know. It’s a rigged cabal. The premise the OP lays out for this thread is insanely naive - even foolish.
Get ready for more wallstreet antics this week as markets will be extremely volatile. Don't be surprised by a significant sell off moving forward as vix is showing signs of heavy fear.
And now we learn that Janet Yellen, our Secretary of Treasury - is reviewing all of this and advising President Biden. Yellen took an $800K speaking fee last year from Citadel, who pays Robinhood tens of millions for order flow exploitation and who has taken recent ownership interests in Hedge Funds who are short GME. And that’s how corrupt cabals work people.
making stocks calls on a massive scale, like those TikTok and Redit traders are doing, are basically Wolf of Wallst equivalents of penny stocks promoters and unregistered investment advisors, they are going to get into trouble with state regulators and possibly the SEC
Exactly. It's a massive pump and dump scheme. It's unreal how many people are falling for this bs. In 6 months people will complain why nobody stepped in and stopped them from buying GME at 400.