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There's a significant difference in the willingness to enact change between the Legislative branch and the Executive branch. Where Congress (legislative branch
by koheripbal 6y ago
There's a significant difference in the willingness to enact change between the Legislative branch and the Executive branch.
Where Congress (legislative branch) has been unwilling to pass any new regulations upon social media, the SEC (executive branch) is going to shut down these sorts of forums when they become disruptive.
Having worked in this field, while the SEC can sometimes be slow to act, the fact that it made the front page of the WSJ, it is only a matter of time before that hammer comes down.
...and Reddit isn't going to fight for this form (or any form) of Free Speech.
- nico_h 6y agoI mean it's just a small forum, can they really have the same amount of influence on the market than a hedge fund or a market maker? What does the SEC care about a bunch of trolls on the internet?
- pas 6y agoCoordinating with the goal of market manipulation (basically buy/sell/short/pump-and-dump/etc cartels or other) is illegal as far as I know. Hence why the guys who made a lot of money on the negative oil trades are staying very quiet.