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Response to Bernardo de La Paz (Reply #8)

Fri Jan 29, 2021, 07:17 PM

9. It is common place enough that the SEC has had tons of cases where

People end up in prison as much of this has to do with insider trading. Insider trading is one form of market manipulation that is illegal and tons of this illegal practice occurs as ongoing SEC investigations show. Lots of this illegal activity will fall under the radar, but much of this activity can be considered legal -as politicians also engage in widespread market manipulation through the still legal insider trading that is allowed among them.

Shorting stock in the case of gamestop however is an incredibly risky tactic along with trading penny stocks like gamestop. Needing a 1.5 billion dollar bailout because they were constantly shorting stocks is not the fault of the investors who drove up an already volatile stock, but the fault of hedge fund managers who decided to use billions of other peoples' money to engage in a high risk activity equivalent to gambling.

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