“[So when hedge fund managers get together and make their short sell evaluations and plans, is that conspiracy?]
No - because they have more money to defend themselves from the Feds. Of course, if the people involved in Wall Street Bets are able to raise enough GoFundMe money to mount a strong legal defense, who knows what might transpire.”
Did not answer the question, saying they have money to fight the charge is not the same as saying it’s not illegal.
If 2 or 3 multi hundred million hedge fund managers get together over lunch and decide to short a stock because the numbers look good to make money on such strategy is that illegal market manipulation/conspiracy? If one hedge fund managers call all company employees together and tells them he wants to drive the price of a stock down, employees all say great idea and start carrying out trades to drive a stock price down, are they guilty of manipulation/conspiracy?
[Did not answer the question, saying they have money to fight the charge is not the same as saying it’s not illegal.
If 2 or 3 multi hundred million hedge fund managers get together over lunch and decide to short a stock because the numbers look good to make money on such strategy is that illegal market manipulation/conspiracy? If one hedge fund managers call all company employees together and tells them he wants to drive the price of a stock down, employees all say great idea and start carrying out trades to drive a stock price down, are they guilty of manipulation/conspiracy?]