It's irresponsible from our point of view because we don't know much about this yet.
From his point of view, if he is serious about it, then it's not a false fact and it's not floated purely to boost the stock price, so why should he be afraid?
Because it’s the SEC. It’s the favorite tool to send rich people to jail. Of all the things rich Americans should be afraid of, the SEC probably ranks near the top, short of physical threats.
The information was disseminated to all parties at the same time and they weren't in a "dark" period. I know several people are upset given their bet but I don't see this being any different than some headline in an AP release. If anything, twitter is more immediate to the masses and there's no middleman.
>Because it’s the SEC. It’s the favorite tool to send rich people to jail. Of all the things rich Americans should be afraid of, the SEC probably ranks near the top, short of physical threats.
Living in America :)...
I'm very glad that a number of countries require nothing more of public companies than timely disclosed financials.
Americans, are you happy with your country very likely having the world's most complex securities laws?
The SEC can't send people to jail, they have to refer a case to law enforcement for jail to be a possibility. It's even in the TV show Billions, or you can read about Theranos.
RE: Elizabeth Holmes
"This is pretty standard practice with the SEC. The regulator explains on its website that, while it works with law enforcement agencies, it's investigations lead to civil or administrative actions. It routinely penalizes brokers and traders by banning them from working in the industry or accepting outside money. "
From his point of view, if he is serious about it, then it's not a false fact and it's not floated purely to boost the stock price, so why should he be afraid?
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