In the hypothetical trade in Question 7, would the US Securities and Exchange Commission have a case against him for market manipulation? In your answer, make reference to (1) the fact that the tweet doesn’t mention GameStop at all, (2) the recent decision by a federal judge in Texas that actually pump and dumps are legal and (3) the 2023 decision by a federal judge in Washington, DC, that the moon emoji is securities fraud.
We live in a crazy world.
Disclaimer: I hold 4 GME shares because… well, I just wanted to have a bit of fun.
Matt Levine has an amazing newsletter about this today. Relevant excerpt:
We live in a crazy world.
Disclaimer: I hold 4 GME shares because… well, I just wanted to have a bit of fun.