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If Tesla announces this (causing the stock to rise, since the suggested price is much higher than the current price), and then doesn't go through with it, is it
by Camillo 8y ago
If Tesla announces this (causing the stock to rise, since the suggested price is much higher than the current price), and then doesn't go through with it, is it considered stock manipulation? I don't mean to accuse them, I'm sure they covered their bases, but I'd like to understand how it works.
- Keyframe 8y agoSEC has a rule for that: https://en.wikipedia.org/wiki/SEC_Rule_10b-5 https://en.wikipedia.org/wiki/SEC_Rule_10b-5 and https://www.investopedia.com/terms/r/rule10b5.asp#ixzz5NWNPZXqa https://www.investopedia.com/terms/r/rule10b5.asp#ixzz5NWNPZ... Examples of offenses that would violate rule 10b-5 would be: executives making false statements in order to drive up share prices ... interestingly, it's as serious as ... or a company hiding huge losses or low revenues with creative accounting practices.