Join Us On LinkedIn

Any GameStop investigation will probably share similarities with those earlier Internet-era cases, according to John Stark, the first head of the SEC’s office of Internet enforcement. Many involved scam artists posting false or misleading information on websites in a bid to drive up the price of selected stocks. In the GameStop case, which has seen […]
Unsure whether to feel nostalgic or a touch of PTSD, one thing seems undeniable to me: the financial punditry noise surrounding the entire Reddit/Robinhood/hedge fund imbroglio can be skewed, misleading, and hyperbolic all at the same time. For those seeking clarity in plain English, below are some takeaways, which not only lower the volume on […]
“The S.E.C. has for years worried about hedge funds coordinating their positions and coordinating bear raids and otherwise engaging in activities to move around a stock,” said Tyler Gellasch, a former S.E.C. lawyer who heads the Healthy Markets Association, an investor group. “There are reporting requirements around that. But we’ve never really thought about that […]
“If they are all egging each other on using a social-media platform, they are effectively engaged in a crowdsourced pump-and-dump scheme,” said Daniel Hawke, a partner at Arnold & Porter Kaye Scholer LLP. The traders “are making no effort to conceal their apparent intent to manipulate the price of the stock,” added Mr. Hawke, a […]
The GameStop stock rally is the handiwork of r/WallStreetBets, a Reddit community where people share news, memes and personal anecdotes about playing the stock market. Here’s how the WallStreetBets group came to power, and how they’re wielding their collective capacity to troll the stock market—and make millions of dollars doing it. Source: GameStop Stock, Explained: […]