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No laws against incorrectly predicting the movement of securities. There are laws to prevent pump and dump of securities for profit. If Cramer was giving
by adrr 4y ago
No laws against incorrectly predicting the movement of securities. There are laws to prevent pump and dump of securities for profit. If Cramer was giving price predictions that benefited him without disclosing his positions, he would be violating the law. It is necessarily illegal to provide guidance of stock movement if you hold the stock. You need to say what positions your holding. Short sellers do this all the time legally.
- gowld 4y ago> is necessarily illegal to provide guidance of stock movement if you hold the stock ... unless you disclose your position?
- dimitrios1 4y agoI doubt Cramer personally invests at all these days. He likely goes through either a firm or a managed fund, providing even more shielding. edit: yeah https://www.cnbc.com/2022/05/04/jim-cramer-how-he-invests-his-own-money-and-why-half-is-in-cash.html https://www.cnbc.com/2022/05/04/jim-cramer-how-he-invests-hi...
- s1artibartfast 4y agoI don't think you even need to disclose your positions, you just can't have positions that are contradictory to the information that you disclose.