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Mark Cuban AMA on r/wsb(www.reddit.com)

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financethrowaway [comrade/them]@hexbear.net
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finance@hexbear.net
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Answer to a question about the SEC reacting to GME:

The SEC is a mess. I wouldnt trust them to do the right thing ever. Its an agency built by and for lawyers to be lawyers and win cases rather than do the right thing

If the SEC gave a shit about ANYONE other than Wall Street you would be able to go there right now and read bright line guidelines about insider trading, shorting, what is a pump and dump, what are the rules for cutting off the purchase of stocks like happened with GME et al

But they wont. They would rather litigate to regulate, which means they love to sue people in order to create new legal precedents.

All you need to know about the SEC and how badly they want to fuck the little guy is that they have the option of using JUDGES THAT WORK FOR THE SEC when they sue you rather than you have the option to have jury of your peers in front of a judge that is independent . Thats how bad the SEC is. If you want fair markets that doesnt benefit Wall Street call your local politician and show them this

Yeah a regulatory body that deals directly with the wealthiest people in the country doesn’t do its job because they like to be lawyers. lol. What a goober.

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congressbaseballfan [she/her]@hexbear.net
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Well, he’s not wrong - of course wealth has an influence on it but regulators make huge $$$ from the system they put in place

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acedia [she/her]@hexbear.net
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