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Agreed. Musk's tweets may have negatively impacted Tesla's stock value, but POTUS has caused entire market exchanges to go negative with his tweets. My question
by y-c-o-m-b 8y ago
Agreed. Musk's tweets may have negatively impacted Tesla's stock value, but POTUS has caused entire market exchanges to go negative with his tweets. My question is: does the SEC have jurisdiction and legal evidence to go after POTUS even if they wanted to?
- ben_jones 8y agoI think it's a non-starter. Markets have always hung on the words of politicians and it would be terrible if a president had to police every word in relation to that. I think the burden of proof would be that one of his tangents was intended to swing the market in his favor, which would be hard to identify unless he had a huge presence in say, agriculture, before signing a massive subsidy to it.
- gamblor956 8y agodoes the SEC have jurisdiction and legal evidence to go after POTUS even if they wanted to? No, because Trump isn't tweeting (or claiming to tweet) insider information about publicly traded companies, nor is he in a position to economically benefit from any of these trades (as per the few disclosures he has made, he does not own any publicly traded stocks).