You don't think there were (twice/thrice removed) untraceable leaks out of Trumpy's inner circles before one of his classic market moving Tweets?
Of course there was.
They say Redit shut WSB down out of fear of liability. That's bs.
They have about as much liability as Twitter does for the Capitol invasion.
The gods are laughing at it all.
Wait a sec. This document doesn't prohibit communication or discussing which stocks to purchase. It only says:
"It shall be unlawful ... to effect transactions in a security ... creating actual or apparent active trading or raising or depressing the price of such security..."
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But no one was trying to trade $GME for the purpose of raising the price. People simply agreed to buy it and then bought it, not pretended to trade it to increase the price, and didn't post and then cancel their orders.
Where does it state that discussing which stocks to buy and then actually buying them is illegal?
Full disclaimer: I don't trade single names or their derivatives and have no interest in entities that do.
Within the next 3 months or so all of this will be on capitol Hill with plenty of grilling going on. This is just the beginning of what's to unfold.
Lawmakers from AOC to Ted Cruz are bashing Robinhood over its GameStop trading freeze
PUBLISHED THU, JAN 28 202112:39 PM ESTUPDATED THU, JAN 28 20211:05 PM EST
https://www.cnbc.com/2021/01/28/gamestop-cruz-ocasio-cortez-blast-robinhood-over-trade-freeze.html
YEPAbsolutely no one will believe this, but all of this trading frenzy relates all back to the fed. YES the fed. Many of you wont believe it, but this is all because of fed we have situations like this taking place. The printing of trillions and trillions of dollars is why the markets have been and are trading like this. That's what happens when trillions enter the system and are dispersed through each and every channel of entire world........
Ample opportunity for the SEC to act. Fits the letter of the law and its intention perfectly.
View attachment 250095
It's all documented in the press how the Fed-enabled scum on Reddit conspired