if you don't disclose while addressing a large audience (say SA), then you might be considered by regulators as an "unregistered" advisor. if you talk to an audience and "sell" stock ideas, then you are an investment advisor. And you must register in your state. Period. That's the law.
then you know what I am saying is true. Remind us again, how much of the score is on "ethics" and "compliance" ?
since you are a CFA chartholder, I hope you disclose your holdings or conflict of interests when you mention stocks or your game on ET
The idea of buying GME to "short squeeze" the hedge fund is a brilliant idea. If you hear this idea on the trading disk, everybody will be like "wow". However, as it appears on Reddit, somehow everyone think this is a bump and dump scheme which needs regulation.
the idea is quite funny, and yes it's brilliant. But it's sill illegal, and abusing the system. It's like watching the underdog robbing the bank, yes it has poetic justice, yet, it's still a crime
Correction, CFA is not heavyweight on compliance & ethics, it's more heavyweight towards financial & investment analysis, pricing & valuing derivatives, portfolio construction, asset allocation, etc... Compliance & ethics don't represent much in CFA curriculum.
If you check Tradingview.com (And YouTube and other platforms online), you will find thousands of people posting trade ideas & charts with price targets & stop losses. These are not registered as investment advisors and as long as they write a small nice disclaimer mentioning that they are not investment advisors & that their analysis is not an investment advice, they are safe. They are just posting their own opinion with the appropriate disclaimer.
I mostly spent my focus making sure I write Newwurldmn, CFA instead of Newurldmn, C.F.A Btw - All your posts about how the options markets work are wrong.
Even the worst stock manipulators on SA and Reddit look like angels comparing to what Jim Cramer acknowledged hedge funds to be doing: https://www.youtube.com/watch?v=VMuEis3byY4