LOL. The SEC Wants to Stop Y'all From Spreading Nasty Rumors About Lehman

ByLoSellHi · Mar 28, 2008

http://www.bloomberg.com/apps/news?pid=20601087&sid=aPyQ_7G9wJ2M&refer=home

Maybe they should....ummm...send out subpoenas to trading desks to investigate a little something that has 1 million times the magnitude that this could possibly have?

It's called front running, in case there's any SEC people reading this.

Good luck on your mission to quash retail trader rumor spreading, SEC. It's a real problem.

lmao.

buzzy2 · Mar 28, 2008

Should the SEC investigate also suspicious upgrades/downgrades?

flytiger · Mar 28, 2008

How about reporters who follow the same hedgies in the same shorts with 100% correlation to the REG SHO list?

scriabinop23 · Mar 28, 2008

Quote from flytiger:

How about reporters who follow the same hedgies in the same shorts with 100% correlation to the REG SHO list?

How about issuing meds to all market participants to eliminate sensitivity to fear and greed?

makloda · Mar 28, 2008

Kinda funny we never heard the SEC investigating all those fake "buyout" rumors that seemed to give stocks those 5% bounces on Fridays before merger Monday last year. Now when the market is in trouble they think they have to investigate. Interesting.

Rearden Metal · Mar 28, 2008

Is this the same SEC that sat around painting their toenails while Van der Moolen, LaBranche, SLK, and friends stole countless billions from investors via the old specialist system?
Great job guys!

flytiger · Mar 28, 2008

Quote from Rearden Metal:

Is this the same SEC that sat around painting their toenails while Van der Moolen, LaBranche, SLK, and friends stole countless billions from investors via the old specialist system?
Great job guys!

Yeah. Ya know, I think it is.

There are sweaty brows there now. Don't think for a moment there aren't. There are some heavy bills coming due. Don't forget. New IG was appointed. Only the second one in the history of the SEC.

flytiger · Mar 28, 2008

http://investigatethesec.com/drupal-5.5/node/256

We've had money managers complain that when they question antics in stocks they own, which are usually Sho listed, not only does the SEC not help them, they find themselves subjected to audits of other positions.

Landis82 · Mar 28, 2008

In my humble opinion, it sounds like the SEC could be after a poster on ET by the screen name of "S2007S". - - - Didn't he say that LEH was going a lot lower?

nutmeg · Mar 28, 2008

"Past studies have shown that, while refuting rumors, certain strategies, such as the introduction of a stimulus that deflects allegation, are superior to mere refutation."

"It is shown that no refutation is superior when the originator is a negative stakeholder, whereas other types of refutation are more effective when the stakeholders are neutral or positive. Further, a conciliatory tone is uniformly superior to an inflammatory tone."

The SEC action is an effective strategy. But what if the rumor proves true?