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Knock a bunch of shorts over and take a slap on the wrist, wonder if this was a calculated business move?
by neom 8y ago
Knock a bunch of shorts over and take a slap on the wrist, wonder if this was a calculated business move?
- minimaxir 8y agoAny outcome of an SEC investigation isn't a slap on the wrist, and that's not even counting civil investor lawsuits.
- neom 8y agohttps://www.cornerstone.com/GetAttachment/2cd97eeb-1a32-4b51-83ba-7c5624e77318/Securities-Lawsuits-Settlement-Statistics-for-10b.pdf https://www.cornerstone.com/GetAttachment/2cd97eeb-1a32-4b51...
- minimaxir 8y agoI'm not sure why you linked a 1997 PDF.
- neom 8y agoTo give you an idea of what a 10b-5 violation looks like. I assure you, there isn't a cost of living increase for SEC violations since 97, this is precedent and having spent the day trying to understand if I'd make this business move, I still hold firm that a 10b-5 violation won't run more than $20-50mill very worst case. a wrist slap.