3 ms·
> But when shorts simply make up stories out of spite or manipulation Well it's a good thing that's illegal and there are whole departments in the US governmen
by CarelessExpert 6y ago
> But when shorts simply make up stories out of spite or manipulation
Well it's a good thing that's illegal and there are whole departments in the US government that exist to deal with it.
Funny, though, that there hasn't been (edit: m)any securities fraud investigations of short sellers in recent memory.
Makes you wonder who the real liars are: the shorts, or the targets of them?
- imglorp 6y agoCan't leave that hanging... have any details?
- CarelessExpert 6y agoDetails about what? Examples where the shorts were right and the targeted companies were full of it? Is Nikola and Wirecard enough, or do you want me to go digging for more examples?
- imglorp 6y agoNo, wondering about the case where the shorts were acting in a public and illegal manner and the SEC did not indict anyone. Is that not an SEC priority or is there a policy to let it go? Is there more "untouchable" aspect going on? Is the bar of proof too high? They certainly have gone after insider trading in recent times.
- CarelessExpert 6y agoWhat, you mean like this guy? https://www.sec.gov/news/press-release/2018-190 https://www.sec.gov/news/press-release/2018-190 > The SEC’s complaint charges that Gregory Lemelson and Massachusetts-based Lemelson Capital Management LLC issued false information about Ligand after Lemelson took a short position in Ligand in May 2014 on behalf of The Amvona Fund, a hedge fund he advised and partly owned. Or maybe this guy? https://www.sec.gov/news/press/2008/2008-64.htm https://www.sec.gov/news/press/2008/2008-64.htm > The SEC alleges that five months ago, Berliner disseminated the false rumor through instant messages to numerous individuals, including traders at brokerage firms and hedge funds. The false rumor also was picked up by the media.