If Elon Musk canot keep his his twitter mouth shut should SEC/ U S Attorney indict him?
- Thread starter iceman1
- Start date
He should have gone to jail for his funding secured.
overextension on short term EMA, multiple spinning top bearish candles, unfilled gaps
I think he could afford a SEC fine.
"Elon Musk has roughly sold $5 billion in Tesla stock this week, and probably isn't done"
probably, that billionaire in Singapore also sold into the pop.
Is there real value in stock markets or is it just pure perception?
https://www.marketwatch.com/story/e...ll-sec-filing-shows-11636591389?siteid=yhoof2
"Elon Musk has roughly sold $5 billion in Tesla stock this week, and probably isn't done"
probably, that billionaire in Singapore also sold into the pop.
Is there real value in stock markets or is it just pure perception?
https://www.marketwatch.com/story/e...ll-sec-filing-shows-11636591389?siteid=yhoof2
Traders simply love those twitts.
In fact, the best twitts are the presidential twitts.
It provides trading opportunities.
More powerful twitts, please.
Definitely members from eliteinvestor.com don't like
Elon Musk's twitt.
What is SEC / US Attorney going to do?
It is up to them to decide.
In fact, the best twitts are the presidential twitts.
It provides trading opportunities.
More powerful twitts, please.
Definitely members from eliteinvestor.com don't like
Elon Musk's twitt.
What is SEC / US Attorney going to do?
It is up to them to decide.
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Even if that constitutes manipulation and cheating? Is it OK someone in your company accuses you of rape or other transgressions without ever having to prove a thing because it's free speech? Is it OK that anyone can make up stories of a company cooking its books while in short position because of free speech? I don't think so. I think free speech should always be interpreted and seen within the confines of rules and regulations. Same as the interpretation of the second amendment. Rules and regulations matter. They prevent total chaos and deceit.
It's fraud when he publicly voices his opinion with the intent to personally profit from a position which value directly depends on his decisions as CEO. The same applies to every manager of any company who has a vested interest through share holdings. I think every rational and ethical person who believes in the rule of law knows that. Or at least I thought so far that everyone knows that. Surprised this is even debated.
That is not fraud. Fraud has a legal definition and that is not it. The man is allowed to have and give voice to his opinion.
Also the stock is down. Unless he is short Tesla stock, then how does he profit from the stock losing market value?
Let us see if the SEC gives any care to this tweet. I'd bet not.
Free country, even for corporate officers.
Free country.
Not quite so simple. What if CEOs hit Twitter announcing share sales or buys by themselves or third parties and then use the liquidity to do the opposite? It's market manipulation.
That’s fraud, market manipulation etc. Elon actually lost net worth and doesn’t need to do anything fraudulent, he’s the richest guy on the planet. Sheesh. Is the guy an idiot childish baboon for tweeting stupidity, maybe? but that’s not illegal. Tweeting his question isn’t fraud. How is that fraudulent? It doesn’t matter what the stock did or didn’t do.
Again I’m not a securities lawyer but the SEC has to prove one made money using inside info, market manipulation or hyping stock etc. If you entered a trade with inside info and lost money the SEC can’t do shit. This doesn’t include selling your position knowing bad news is coming. Maybe I’m wrong but I don’t think so.
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