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SEC Crackdown (Supposedly)

Posted on 4/13/17 at 1:14 pm
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 4/13/17 at 1:14 pm
SEC has been talking about getting tough on promoters for some time. This appears to be the first significant action, as it heavily involves Seeking Alpha authors.

LINK

The above doesn't have much impact on most who don't rely on SA, or don't necessarily spend a lot of time on riskier, smaller companies.

My opinion is this doesn't go nearly far enough. It's beyond my belief a hedge fund can hold a short position, and write a hit piece, apparently legally. It's beyond my belief there has been no investigation into unusual options activity prior to significant news. An opportunity for some of us, most recently the now departed dabigella. Finally, it's beyond my belief the CFTC even exists.
Posted by GREENHEAD22
Member since Nov 2009
19595 posts
Posted on 4/13/17 at 3:34 pm to
Hold on, bigfella has passed? Like he died?
This post was edited on 4/13/17 at 3:35 pm
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 4/13/17 at 3:45 pm to
I've always found out funny that Phil Mickelson can purchase Dean Foods ahead of a spinoff announcement, make $931,000 + interest off of it, and get off of it with a slap on the wrist. My sorry arse would be in a federal prison for 30 years.
This post was edited on 4/13/17 at 3:45 pm
Posted by Decisions
Member since Mar 2015
1475 posts
Posted on 4/13/17 at 3:58 pm to
He signed off of the site for the foreseeable future. Not dead.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 4/13/17 at 4:25 pm to
No, he decided to take a break from here. Poor wording on my part. I apologize for any misunderstanding.
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