kevintx

Is the SEC 'Rumorgate' Push a Waste of Time?

Good points. Knowingly spreading false information for profit is wrong and should be penalized and the SEC bureaucracy should do that as possible, e.g. in the small fraction of cases with high dollar amounts and co-conspirators tattling. In other cases it could have a chilling effect on free speech and impede information flow. Rumors have power only insofar as they may be true. People are always going to have to weed out the BS.
I agree about the uptick rule, not sure why it was discontinued given avalanche shorting tactics. Selling short does not have the consent of the shareholder whose shares are borrowed so should be considered and regulated separately.