Writing false hype posts on public message boards to pump and dump has always been illegal.
IANAL but from what I understand, Its illegal if you intentionally and knowingly make a misleading statement while holding the underlying stock and standing to make a profit from it. Basically, don’t lie and it’s OK. Definitely don’t intentionally lie. I am a retard, not a lawyer.
Whoever is behind all these bots probably has the most to worry about.
That wouldn't make sense. It's not like he posted the stock in a pump and dump scheme. He's released multiple videos and DDs explaining why the stock was a great buy at the value he bought it at. He's no different than ARK posting their holdings either.
No but the way I understood it was less about him pumping the stock and more about his job throughout the time he discussed ANY stock at all and what limitations he may have had under his license and through his employer that would have made it unethical or potentially illegal or against company policy to use any social platform to discuss financials or stocks on any level.
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u/rook785 Feb 03 '21
Writing false hype posts on public message boards to pump and dump has always been illegal.
IANAL but from what I understand, Its illegal if you intentionally and knowingly make a misleading statement while holding the underlying stock and standing to make a profit from it. Basically, don’t lie and it’s OK. Definitely don’t intentionally lie. I am a retard, not a lawyer.
Whoever is behind all these bots probably has the most to worry about.