Timeline for In the USA, is it illegal for a group of people to agree to purchase or sell a particular stock?
Current License: CC BY-SA 3.0
12 events
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| Jun 16, 2020 at 10:49 | history | edited | CommunityBot |
Commonmark migration
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| Jan 31, 2018 at 5:11 | comment | added | Magua | Cryptocurrencies are (in the US, at least) not regulated by the SEC. As long as you avoid outright fraud, market manipulation of them is entirely (again, in the US) legal. | |
| Jan 30, 2018 at 22:40 | comment | added | Gramatik | @Fattie I know that there exist chatrooms with groups of people who watch various cryptocurency prices and "sound the alarm" when one moves violently in one direction or another. In this sense its not so much "trading in a group", and they likely have very little impact on the price since it is more reactionary than anything, but this does often result in the group members trading in a similar manner to each other | |
| Jan 30, 2018 at 14:56 | comment | added | cHao | It's not about who has more guns. In fact, you probably wouldn't even get in trouble for "manipulation" unless you were trying to convince people outside the cult to buy. And if you don't do that, there's basically no net gain for the cult -- just for the people who realize buying high and selling low is just giving money away, and thus refuse to do it. | |
| Jan 30, 2018 at 14:26 | comment | added | Fattie | it's a reasonable point that another reason could be "support causes" (good one for thinking about that). but the overwhelming answer to the QA at hand is just "yeah that's manipulation". the whole "market-government complex" is set up and operated a certain way to have certain winners (guess who). they have far more guns than any other party, so that's the end of it. | |
| Jan 30, 2018 at 14:18 | comment | added | user25276 | @Fattie. what if the groups "reason" for trading together is simply to make money (for themselves or for someone else)? I mean if their purchases or sales of a stock has an effect on the price, where does it become "manipulation". I mean this because everyone else's purchases or sales have an effect on it as well (although it is minuscule unless the individual investor is able to buy huge amounts). Other than that perhaps their reason for buying or selling could be something like "to support causes they care about"(?) | |
| Jan 30, 2018 at 2:19 | comment | added | Fattie | Hmm, the only reason to trade in a group is to (try to) manipulate prices. State, any other reason to trade in a group. Like - for dating reasons? The feelgood factor? The only reason to trade in a group is to (try to) manipulate prices. | |
| Jan 30, 2018 at 2:05 | comment | added | Criticizing Israel not allowed | Or in other words, it's not illegal to trade in a group, but it is illegal to try to manipulate prices? | |
| Jan 29, 2018 at 20:13 | vote | accept | Ronnie | ||
| Jan 29, 2018 at 19:27 | comment | added | Magua | Yes, and pump-and-dumping stocks is illegal. Hard to prove intent and prosecute, but still illegal. | |
| Jan 29, 2018 at 19:21 | comment | added | RonJohn | Isn't this essentially what pump-and-dump scammers try and do with penny stocks by hyping them in newsletters, advertisements, spam, etc? | |
| Jan 29, 2018 at 19:16 | history | answered | Magua | CC BY-SA 3.0 |