told you already, for professional journalism, there is an SEC exception, it's called the "publisher" exception, but you need to be a journalist or part of a press organization. Cramer is part of a press organization and protected by it. Yet, he is still required to disclose certain things before making his claims. Same with "small authors" in SA, you need to disclose certain facts about your holdings, or you could get sued. If you had written anything on SA, you would know that. "free speech" is not an excuse for a "regulated" industry.
K bud, Just know, when nothing happens to anyone on reddit, or roaring kitty, Ill be here to piss in your face about it. Cheers.
exactly, let's see. I predicted 3 years ago that the SEC would fine RH, and people thought I was crazy they just paid a 38M USD fine, and this is just the beginning, the MA regulator are on their case, and it will be far worse
The laws for NFA registered CTA’s, CFTC regulations for Hedge Fund Managers and SEC registered Investment Managers are far more stringent than regulations for “regular” people (your term) - so why isn’t Bill Ackman and a hundred others like him in jail ?
I'm interested to know if the hedge funds got long GME on Thursday while the retail guys were shut out -- and then when the retail guys were allowed to buy on Friday the hedge funds cashed in.
So your point is manipulation shouldn't matter because... other problems exist elsewhere? There are always going to be other issues elsewhere. GME is a dying retailer, closing its brick and mortar stores by the thousands, about to go bankrupt. Games are being sold via download on online platforms like Steam, Epic Games Store, PlayStation Store. You can make a wild guess which retailer won't be part of it. Prior to this year, GME's all time high was $62 in 2007. How could it possibly be worth eight times as much, $500, post Covid, when it loses money now instead of making it? GME is an all but worthless stock and only took off because manipulators conspired to manufacture a short squeeze in what was at the time a micro cap (just a few months ago). It won't get more obvious. Pumping a dying micro cap for the sole purpose of manufacturing a short squeeze. If that's not manipulation, nothing is.
if they did, and their compliance department didn't approve the move or justify such erratic moves, they could themselves be in trouble
You are misstating my point and totally ignoring the pervasive market manipulation by Wall Street. I am pointing out your hypocrisy and glaring double standard. Why isn’t Bill Ackman in jail? Bill Ackman appears on CNBC on March 17, 2020 raging about the end of times - and by March 23rd pockets $2.6 Billion on his hype.
Hedge funds get out at the top. You can see on Thursday, the volume was 1.2 billion shares on AMC and the largest volume. GME, volume was heaviest 01/22/21, 01/25/21 and 01/26/21, they were selling into strength. When the prices collapsed, the day after, the hedge funds were gone. More likely, they shorted it after they got out and switched sides. So, they made monies going long then, going short. Only clueless traders paying those high prices got massacred. Some traders got lucky and got out while, the going was good. Most, lost their shirts and suffered huge losses since, the hedge funds were no longer buying to keep the share prices higher.
he didn't speak about specifics, just made broad predictions. That's not illegal. If he was on TV, saying I am buying this, this and this, without proper disclosure and have his compliance officer approve his speech, them yes, he would be fined by the SEC. Look at what happened to TELSA boy on Twitter, something like 80m USD fine by the SEC for a twitt asking to short his stock