9 ms·

Whether or not it is market manipulation, who do you think the SEC could realistically go after here?

by gnfargbl 6y ago

jeffbee 6y ago
Maybe one or two specific individuals, but you're right in general. That's the part that frightens me the most here. The tactics that are being used are equivalent to the ones used by sideshow street racers and political riots: if we get thousands of individuals to break the law at the same time and place then law enforcement will be ineffective.
- gnfargbl 6y ago
  It certainly _feels_ like an organized riot, but I'm not 100% sure that it is. In a riot, there are organizers and instigators, and then there is a mob who follows them. Here, I'm not really sure that the organizers exist: the closest thing I can see is the Reddit user DeepFuckingValue, and all they do is post screenshots of their position in GME without futher comment. And have been doing so for the best part of a year. The mob seems to have largely formed itself.
  - kchr 6y ago
    Have you heard of sock puppet accounts? Rogue agents? :-)
- hhhar42 6y ago
  You really need to stop accusing thousands of people of lawbreaking when several actual securities lawyers with backgrounds in actual manipulation litigation have said it isn’t as cut and dry as you think. Tying the activity to the riots and suggesting similar organization is also beyond the pale. You have cited neither of those positions throughout your ranting here and they’re harmful speculation. Your commentary in this thread is over the top. I’d use a term you already have (edit: and deleted, looks like) which definitely applies, but I’m not stooping there, and you’re probably on your way to a flag for it anyway. I suggest you step back from HN for a few minutes, at least.
nsonha 6y ago
Reddit or any future platform hosting WSB and the like, same logic that took Parlor out of biz.

9 ms·

Whether or not it is market manipulation, who do you think the SEC could realistically go after here?

by gnfargbl 6y ago

Whether or not it is market manipulation, who do you think the SEC could realistically go after here?

jeffbee 6y ago
Maybe one or two specific individuals, but you're right in general. That's the part that frightens me the most here. The tactics that are being used are equivalent to the ones used by sideshow street racers and political riots: if we get thousands of individuals to break the law at the same time and place then law enforcement will be ineffective.
- gnfargbl 6y ago
  It certainly _feels_ like an organized riot, but I'm not 100% sure that it is. In a riot, there are organizers and instigators, and then there is a mob who follows them. Here, I'm not really sure that the organizers exist: the closest thing I can see is the Reddit user DeepFuckingValue, and all they do is post screenshots of their position in GME without futher comment. And have been doing so for the best part of a year. The mob seems to have largely formed itself.
  - kchr 6y ago
    Have you heard of sock puppet accounts? Rogue agents? :-)
- hhhar42 6y ago
  You really need to stop accusing thousands of people of lawbreaking when several actual securities lawyers with backgrounds in actual manipulation litigation have said it isn’t as cut and dry as you think. Tying the activity to the riots and suggesting similar organization is also beyond the pale. You have cited neither of those positions throughout your ranting here and they’re harmful speculation. Your commentary in this thread is over the top. I’d use a term you already have (edit: and deleted, looks like) which definitely applies, but I’m not stooping there, and you’re probably on your way to a flag for it anyway. I suggest you step back from HN for a few minutes, at least.
nsonha 6y ago
Reddit or any future platform hosting WSB and the like, same logic that took Parlor out of biz.