There is no question of illegality, it is illegal. The SEC had made attempts to prosecute a few people from CNBC in the 90s. Cramer has even received a few subpoenas in the past.
However, the SEC is nothing more then a Sheriff in a wild west town of 125 years ago. It has limited resources and is politically motivated. As well, when you take a case to trial then you run the risk of a judge defining the securities laws. Then you have to prove the case beyond a reasonable doubt.
I watch stocks trade everyday and have been doing this now for many years. In order for a stock's volume to suddenly increase 3 times the normal average, you need a volatility event. When there is no news or no obvious reason and then suddenly its mentioned on a tv show later on, then that appears very suspicious. When it happens time and time again, over and over again, then I believe it more then a coincidence.
However, the SEC is nothing more then a Sheriff in a wild west town of 125 years ago. It has limited resources and is politically motivated. As well, when you take a case to trial then you run the risk of a judge defining the securities laws. Then you have to prove the case beyond a reasonable doubt.
I watch stocks trade everyday and have been doing this now for many years. In order for a stock's volume to suddenly increase 3 times the normal average, you need a volatility event. When there is no news or no obvious reason and then suddenly its mentioned on a tv show later on, then that appears very suspicious. When it happens time and time again, over and over again, then I believe it more then a coincidence.
Quote from sprstpd:
Yes, the question is if that is illegal. If it is, it should be very easy to track who it is.
