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.
Genuinely asking, isn’t that market manipulation?
Seems like Ramping to me.
Actions designed to artificially raise the market price of listed securities and give the impression of voluminous trading in order to make a quick profit.
“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.
Genuinely asking, isn’t that market manipulation? Seems like Ramping to me.
The US no longer has laws, just grievances to be addressed arbitrarily.
“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.