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FT reported it as well. Not bulletproof, but I think they have a bit more reputation than CNBC. Perhaps I'm naïve, but I think to lie about such a thing would
by ahepp 6y ago
FT reported it as well. Not bulletproof, but I think they have a bit more reputation than CNBC.
Perhaps I'm naïve, but I think to lie about such a thing would pretty clearly fall afoul of the law?
- agar 6y agoAn official statement would run afoul of the law, yes. A concerted effort to whisper to many people in an effort to manipulate the market would be fairly easy for the SEC to uncover in an investigation. A single false statement or two, said to a reporter as a confidential source, would be much more difficult to prosecute. The reporter might not willingly give up their source, and the company could deny everything, fire the person who "inaccurately represented our position", and claim the party acted of their own volition. Modest fine, at best.
- ahepp 6y agoFT has Citron on the record saying the position is closed. Muddy Waters is on the record saying the position is greatly reduced. Melvin has "people familiar with the matter".