Potential Legal Implications of Coordinated Stock Buying to Aid Keith Gill

[Maverick2608]

If thousands of supporters decide to help Keith Gill on June 21 by buying GME stock into the close to increase the value of his options position, would that be illegal?

While I am not a lawyer, my understanding is that if Keith Gill does not encourage or call for this action, he would likely not be held responsible. However, if others organize and encourage such coordinated buying, they could be charged with market manipulation?

 

[maxinger]

If thousands of supporters decide to help Keith Gill on June 21 by buying GME stock into the close to increase the value of his options position, would that be illegal?

While I am not a lawyer, my understanding is that if Keith Gill does not encourage or call for this action, he would likely not be held responsible. However, if others organize and encourage such coordinated buying, they could be charged with market manipulation?

As far as I know,
those manipulators who manipulate the market secretly will be thrown into prison.

And
those manipulators who manipulate the market openly will be allowed.


After so many years, has Keith Gill been thrown into the prison?
No.
He is a smart manipulator.

 

[Nighthawk]

If thousands of supporters decide to help Keith Gill on June 21 by buying GME stock into the close to increase the value of his options position, would that be illegal?

While I am not a lawyer, my understanding is that if Keith Gill does not encourage or call for this action, he would likely not be held responsible. However, if others organize and encourage such coordinated buying, they could be charged with market manipulation?

 

[Specterx]

If thousands of supporters decide to help Keith Gill on June 21 by buying GME stock into the close to increase the value of his options position, would that be illegal?

While I am not a lawyer, my understanding is that if Keith Gill does not encourage or call for this action, he would likely not be held responsible. However, if others organize and encourage such coordinated buying, they could be charged with market manipulation?

Blowing your own life savings to boost the value of some random celebrity’s speculative options position? I doubt the law anticipated anything so retarded, and it’s thus probably not illegal - as the ‘manipulators’ lose, rather than gain.

 

[newwurldmn]

Blowing your own life savings to boost the value of some random celebrity’s speculative options position? I doubt the law anticipated anything so retarded, and it’s thus probably not illegal - as the ‘manipulators’ lose, rather than gain.

we have conservatives who believe in “personal responsibility” who are on welfare because they gave all their money to trump.

 

[ajacobson]

Then they all go to get out? Ouch.