How else to explain that only a week or two after I call out Musk over his "going private" ruminations, the normally inert SEC has launched a full-bore investigation of Musk's errant tweet?
Now, I fully acknowledge that any investment advice I've ever ladled out is not worth shit.
I've been advising folks to short Amazon since it hit $200.
I've been advising folks to short Apple for four or five years...
Ya, I know... folks who used to have a couple millions in the bank are regulars at the food bank now because they thought I knew what I was talking about.
I thought I did too.
Sorry.
But sometimes I'm on the right track.
That "420" reference was the tip-off for me... Ya, OK Elon, you're just fucking with us now...
Two months later the Securities and Exchange Commission investigative team comes to the same conclusion...
Remember, you read it here first.
Showing posts with label SEC. Show all posts
Showing posts with label SEC. Show all posts
Thursday, September 27, 2018
Monday, March 24, 2014
Madoff flunkies convicted while big fish swim free
Well here's a blow for justice. Five Bernie Madoff underlings have been found guilty of aiding and abetting the great man in his great Ponzi scheme.
Off with their heads! That's a verdict that's bound to ensure personal ruin for folks who were, at the most, guilty of ignoring their better judgement as their boss passed every test the SEC threw Madoff's way in the course of twenty years.
Meanwhile, Dick Fuld and Steve Cohen have no worries beyond a decent tee time at Wampanoag.
That's justice, American style!
Off with their heads! That's a verdict that's bound to ensure personal ruin for folks who were, at the most, guilty of ignoring their better judgement as their boss passed every test the SEC threw Madoff's way in the course of twenty years.
Meanwhile, Dick Fuld and Steve Cohen have no worries beyond a decent tee time at Wampanoag.
That's justice, American style!
Sunday, April 22, 2012
SEC finally getting tough on finance hanky panky
They slept through Bernie Madoff's 60 billion dollar fraud.
They snoozed out in Lehman Brothers very offices throughout Lehman's 300 billion dollar fraud.
But that was then.
This is now, and the gloves are off.
The SEC is throwing the book at two British teens who took investors for roughly 1.2 million dollars.
That's right, we're talking a million here, not billions or hundreds of billions.
Alex and Thomas Hunter were sixteen years old when they came up with the idea of a stock-picking robot. "Marl" was supposedly programmed by a veteran Wall Street insider to sniff out up and coming penny stocks. The kids sold a newsletter to thousands of subscribers revealing Marl's stock picks.
Heck, they almost became millionaires!
The SEC filed suit in New York this week to force the Hunter twins to make good.
Mainwhile, Richard Fulds, the Lehman CEO who walked away from the wreckage with hundreds of millions of dollars, has yet to hear from the SEC.
They snoozed out in Lehman Brothers very offices throughout Lehman's 300 billion dollar fraud.
But that was then.
This is now, and the gloves are off.
The SEC is throwing the book at two British teens who took investors for roughly 1.2 million dollars.
That's right, we're talking a million here, not billions or hundreds of billions.
Alex and Thomas Hunter were sixteen years old when they came up with the idea of a stock-picking robot. "Marl" was supposedly programmed by a veteran Wall Street insider to sniff out up and coming penny stocks. The kids sold a newsletter to thousands of subscribers revealing Marl's stock picks.
Heck, they almost became millionaires!
The SEC filed suit in New York this week to force the Hunter twins to make good.
Mainwhile, Richard Fulds, the Lehman CEO who walked away from the wreckage with hundreds of millions of dollars, has yet to hear from the SEC.
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