4 ms·
The SEC prosecutes people for this type of thing. Much safer approach is to let your buddies buy first, then pump one of them. Lot's of plausible deniability.
by linuxftw 4y ago
The SEC prosecutes people for this type of thing. Much safer approach is to let your buddies buy first, then pump one of them. Lot's of plausible deniability. "Hey, every major fund has some XYZ, I just like the stock right now."
- kjs3 4y agoSure they do. But if the quid pro quo exists outside of the finance world (e.g. I tell you what I'm gonna tell the proles, you give me the inside scoop I can monetize on my TV show/podcast/tiktok channel) it's harder for the SEC to bring a case. It's not what they're set up for.
- ghayes 4y agoCurious what the actual crime is there, assuming Cramer had no insider information about the company. Basically, how is this say different from Hindenburg research taking a short position then releasing a damaging report? Or me buying a company and then telling others to buy it, too?
- kortilla 4y agoYou have to disclose that you have a vested interest. And even then you have to avoid transactions for a period of time after to avoid it being a “pump and dump”.