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yeah I should have included the full context, but I think it could end up being a gray line. It's something to keep an eye on because the difference between mar
by newman8r 9y ago
yeah I should have included the full context, but I think it could end up being a gray line. It's something to keep an eye on because the difference between market manipulation and trolling/FUD could be hard to distinguish.
- toomuchtodo 9y ago> but I think it could end up being a gray line. The SEC can and does monitor social media, correlate it to trade data, and takes action based on that data. http://nypost.com/2017/09/07/ex-amazon-employee-pleads-guilty-on-insider-trading-charges/ http://nypost.com/2017/09/07/ex-amazon-employee-pleads-guilt... Credit to Matt Levine's Money Stuff Bloomberg article where I originally read about this, but cannot find the article with a bit of Google searching.
- astura 9y agoIt's nothing new, the SEC already prosecutes market manipulation schemes involving false information spread through electronic and social media. Recent example: https://www.bloomberg.com/news/articles/2017-04-10/scammers-used-seekingalpha-for-bogus-stock-promotions-sec-says https://www.bloomberg.com/news/articles/2017-04-10/scammers-... Market manipulation for financial gain is not at all a grey line.