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Fidelity has 31m brokerage Accts and charges $0 for stock trades. If they sent out a text from an analyst with a big price target on a stock , is that manipulation ? If you want to help the workers, incentivize companies to offer shares to ALL WORKERS https://twitter.com/senwarren/status/1355187260514250754
Just think how happy the people who do the work would be if they had shares to sell into these short squeezes! Yes the SEC needs to investigate to see if this is a coordinated pump and dump. But the SEC is going to be useless on this and every comparable type situation
As much as you have had your heart in the right place to improve consumer protections you and your peers have allowed the SEC to continue to be a joke. This isn’t the first time something like this has happened. It’s gone on for years. The SEC could write bright line regulations
They could be very clear about what is allowed and what isn’t but they won’t. Why ? Because their entire workforce is built on lawyers who want to Litigate to Regulate. They don’t want clear delineation. They want to sue. They want to intimidate.
If you want to help the little guy demand the SEC introduce bright line rules that anyone can understand and follow, otherwise we are going to see them attack defenseless traders to say they did something and do a Press Release
If you want to see how useless the SEC is for small investors and traders, get someone in your office to call the SEC to ask a question about anything. Last time I did it a few years ago they sent me to a page that asked me to FAX 8 copies of my request. That’s the SEC
