5 ms·
If a publicly traded company in the U.S. did this, I'm curious if it constitutes securities fraud. I.e., a material misrepresentation about the company's healt
by CoastalCoder 3y ago
If a publicly traded company in the U.S. did this, I'm curious if it constitutes securities fraud.
I.e., a material misrepresentation about the company's health.
- mejutoco 3y agoMatt Levine is right again: it seems everything is securities fraud.
- DiabloD3 3y agoTL;DR of everything Matt Levine has said: Lying and misrepresenting anything at all is securities fraud. Makes it pretty simple to not commit it: DON'T LIE.
- dangets 3y agoUnless not lying / over sharing is bad for your shareholders. Lawyers could argue that publicizing non-material bad news about your service health makes your stock price drop.