Commerce Secretary Howard Lutnick urged Fox News viewers to buy Tesla stock, calling CEO Elon Musk "probably the best person to bet on" he had ever met.
“Artificially” probably does a lot of work in that law. I suspect there may need to be some “intent to deceive” involved. Otherwise anybody simply giving an opinion on a product or stock could he seen as manipulation.
In certain contexts the opinions of some federal officials is quite a bit more than “simply giving an opinion”. The most obvious examples being the chairman of the Federal Reserve and the Commerce Secretary.
“Artificially” probably does a lot of work in that law. I suspect there may need to be some “intent to deceive” involved. Otherwise anybody simply giving an opinion on a product or stock could he seen as manipulation.
In certain contexts the opinions of some federal officials is quite a bit more than “simply giving an opinion”. The most obvious examples being the chairman of the Federal Reserve and the Commerce Secretary.