5 ms·

Matt Levine said it best: "Everything everywhere is securities fraud." https://www.bloomberg.com/opinion/articles/2019-06-26/everything-everywhere-is-securitie

• IAmEveryone 5y ago
  You can’t take it literally in this sense. Among other things, investors cannot commit securities fraud, only executives can. Als, relatedly, Matt Levine’s take regarding insider trading may be relevant here.
  • kube-system 5y ago
    > investors cannot commit securities fraud, only executives can. The very story you're commenting on is an example of a securities fraud scheme (pump and dump) that can be committed by investors.
  • dmurray 5y ago
    This definitely isn't true. Anyone lying to you in connection with a sale of securities in return for financial gain is committing securities fraud. According to any reasonable reading of the statute books, or any of hundreds of insider trading cases that do not involve executives.