Hmm... I hadn't thought about that and I'll seriously consider doing so. One thing I read is that Reddit is being served subpoenas, so they'll give up the names of those involved in r/WSB. Can they be charged with insider trading?
Insider trading is knowing something about the inner workings of the company or something private. They would basically being going after a bunch of nobodys for the inverting thing Melvins and their copycat companies have done for decades.
Ah, OK. Thanks, anon. Makes sense and it'll be interesting to see where this all goes.
Something similar happened with hyping up tech stocks in the mid 90's. In those instances SEC was able to nullify regular folk's gains on flavor of the day dot coms especially if your job had anything to do with banking.
Can they be charged with insider trading?
Legally no, they don't have any inside information. But we don't live in a nation of laws anymore.
That's not insider trading. More like market manipulation.
OK, thanks. Makes sense.
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