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Do they have inside information? If not, they can buy and sell without having to have a specific intent.
by pfortuny 6y ago
Do they have inside information? If not, they can buy and sell without having to have a specific intent.
- strstr 6y agoMarket manipulation is also separately illegal. Though classic pump and dump doesn’t seem possible with amzn.
- jennyyang 6y agoInside information doesn't have anything to do with market manipulation. The trader who caused the Flash Crash in 2010 was similarly prosecuted for artificially manipulating the markets. If Softbank was buying options to somehow manipulate the rest of their trades, I can't see how this isn't illegal.
- raincom 6y ago2010 flash crash was due to spoofing. Here SB bought call options outright. Nothing illegal about that.