IANAL. I'm not touching GME with my money, but I'm happy to stand on the sidelines and cheer the memers on. You need to define your terms. You don't get charge

IANAL. I'm not touching GME with my money, but I'm happy to stand on the sidelines and cheer the memers on. You need to define your terms. You don't get charged and go to prison for "pump and dump", you get charged and go to prison for "securities fraud". Right now, people are saying it's worth burning a lot of money just to stick it to Wall Street. As in, if you do this, you're probably gonna lose a lot of money, but you should do it anyway, because it's the right thing to do. (note: I'm not arguing the merits of this argument, I'm just stating what I interpret the argument to be.) The thing that's illegal that will put you in prison for securities fraud is to claim that if you buy GME and hold it, you will make a lot of money. This isn't illegal because it's fucking over Wall Street, this is illegal because you're lying. The crime isn't "pump and dump", the crime is "securities fraud". Also note that traditionally, in a pump and dump scheme, you buy first and pump later. People right now are buying and pumping at the same time. They're not (just) pumping by telling other people to buy the stock, they're pumping by buying the stock. This is a significant difference. That being said, since Everything Everywhere Is Securities Fraud, I guess this is securities fraud too. (/s) https://www.bloomberg.com/opinion/articles/2019-06-26/everything-everywhere-is-securities-fraud https://www.bloomberg.com/opinion/articles/2019-06-26/everyt...