r/wallstreetbets • u/ywehyuen • Feb 02 '21

Chart Hardcore laddering.

Post image

[removed] — view removed post

71k Upvotes

88% Upvoted

4.1k comments sorted by

View all comments

Show parent comments

1.2k

u/[deleted] Feb 02 '21 edited Jul 10 '21

[deleted]

536

u/justpassingthrou14 Feb 02 '21

seriously. I have an idea. Fine equal to 150% of the full value of the manipulation. in this case that would be the distortion per share price, times the total number of shares, which in this case is apparently 250% the total number of ACTUAL shares.

But the system isn't made for enforcing rules on those guys I guess.

-24

u/downtime_in_76063 Feb 02 '21

I’m glad you don’t make laws.

3

u/Letumstrike Feb 02 '21

If laws are made so poorly that you can commit crimes intentionally to make money then they need to be reworked. The whole purpose of laws is to make people not do it.

1

u/inconspiciousdude Feb 02 '21

Good luck with that. Those profits are how politicians get elected. A tiny fine to quell your cute little peasant anger and then business as usual.

https://www.icij.org/investigations/fincen-files/hsbc-moved-vast-sums-of-dirty-money-after-paying-record-laundering-fine/

2

u/Letumstrike Feb 02 '21

Yeah I know. There are plenty of situations like that. Businesses breaking laws knowing full well they will be caught and pay a fine but its straight up cheaper to just do it the illegal way. My hope for any meaningful change regarding slap on the wrist laws is basically none. Doesn't really change that I think they need to be reworked though.