Everything is securities fraud – Bloomberg

I think sometimes about starting a spinoff Everything Is Securities Fraud newsletter that is just a weekly list of cases, with links but no other content. There’s not much to say about them at this point, but they do keep happening. Two big ones from last week:

  • “Boeing’s Safety Claims Probed by SEC After Panel Blew Off Plane.”
  • “In Tesla Autopilot probe, US prosecutors focus on securities, wire fraud.”

If someone is killed in a car crash, what is that? Why that’s securities fraud. If a door flies off a plane in mid-air, what’s that? That, too, is securities fraud. Creating substantive regulations and deterring misconduct in the real world is messy and complicated, but in the abstract world of finance, everything is securities fraud.

Source: Everything is securities fraud – Bloomberg