3 ms·
>Could be? It's an open, publicly-documented market manipulation event. Strange question, what's the bar for market manipulation? For example if a company took
by willcipriano 6y ago
>Could be? It's an open, publicly-documented market manipulation event.
Strange question, what's the bar for market manipulation? For example if a company took out debt to buy their own stock in order to drive up the price would that count?
- jeffbee 6y agoIf the company were to issue a statement that they believed their actions would raise the share price, then yes. https://www.law.cornell.edu/uscode/text/15/78i https://www.law.cornell.edu/uscode/text/15/78i
- deleted 6y ago[deleted]
- pbourke 6y agoSo do everything up to specifically stating the effect that you want, and it’s not market manipulation? This is the “emperor’s new clothes” absurdity of this whole system. The whole fucking market has been manipulated by various parties this year, most notably by the Federal Reserve, yet there’s only a moral panic when some firefighter from Long Island gets a little taste?
- foolmeonce 6y agoStock buy back is perfectly fine and its authorization is usually announced in a press release. Hiding that you are taking new debt to do just about anything would be illegal.