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“Everything everywhere is securities fraud” —Matt Levine https://www.bloomberg.com/opinion/articles/2019-06-26/everything-everywhere-is-securities-fraud https
by klodolph 2y ago
“Everything everywhere is securities fraud”
—Matt Levine
https://www.bloomberg.com/opinion/articles/2019-06-26/everything-everywhere-is-securities-fraud https://www.bloomberg.com/opinion/articles/2019-06-26/everyt...
The basic idea here is that you lied, the share price went up because of your lies, and that makes it security fraud. From one viewpoint it’s a useful tool to punish fraudsters and con men, and from another view it’s an overreach by the FTC. Maybe a more reasonable view is somewhere in the middle—it’s both a good tool and an overreach.
- malfist 2y agoHow is it possibly overreach? If you lie to investors to get them to give you more money, that is absolutely fraud.