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> Lebed professes that he did nothing wrong – he did nothing different from Wall Street analysts Except analysts usually can't trade stocks. Short sellers can.
by dehrmann 3y ago
> Lebed professes that he did nothing wrong – he did nothing different from Wall Street analysts
Except analysts usually can't trade stocks. Short sellers can. In theory, libel law makes that safe, but when it's a 15-year-old playing the penny stocks, the company won't notice or have the legal firepower to chase down a /r/wallstreetbets user.
- op00to 3y agoanalysts can trade stocks, though they are not supposed to trade counter to their recommendations.
- dehrmann 3y agoWhen I googled it, it was a little murky on if it's allowed, and sometimes it was the analyst's employer that banned it. What is legal is different parts of the same ~bank not being as independent as they should be, so the kid's argument that the big boys do the same thing wasn't entirely wrong.