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Yes. It is illegal to lie to shareholders in the US and I refer you to the quote above.
by CoolGuySteve 8y ago
Yes. It is illegal to lie to shareholders in the US and I refer you to the quote above.
- a11595 8y agoUmm, no. It is illegal to lie on a financial statement. It is not a lie if your corp statement is a theory of why a foreign market has declined.
- icebraining 8y agoYes, but taobility was wondering whether China had such a large impact on Apple's sales, not why.
- a11595 8y agogood thing I wasn're replying to taubility. CoolGuySteve on the other hand was talking about why, claiming the wrong "why" is illegal for apple to guess. This is consistent with CoolGuySteve's other replies in this thread.
- barkingcat 8y agothis is impossibly naive. Of course it's illegal to lie to shareholders, but guaranteed 100% of publicly traded companies do. What's the SEC going to do? They are in furloughs right now and have no budget to go after anyone. Looking further ahead, if a company has enough money, they can buy off the SEC by getting laws passed that will let the do whatever they want.