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abigail95 | 1 month ago
Edit: I have now read some of the complaint. This is just sec fraud, which is consistent with what the article is claiming. "The opposite of insider trading" ie trading in the direction of the advice you're giving.
Gov says the statements were material, false, with intent. If they can't prove false to the level of being a material statement they will lose.
Edit2: This comes right up to the line, whether it's material to have false/non-statements about your intentions. There's another case that will come up if you research this about whether intentions are material.
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