No hedge fund managers ever expect public sympathy when they nurse losses. Indeed they would rather not be obliged to disclose their short positions when they reach a certain size, as they are by law (“Reddit traders unlikely to face prosecution over pincer action on funds”, Report, February 1).
But all investors deserve to be protected from market abuse, which the contrived and concerted behaviour of chatroom gossipers amounts to.
This is not the big investors seeking protection from the small, rather the big hoping that, when the music stops, the late coming small investors are protected from the mendacious among their number.
Market abuse is a crime for a reason.
Doug Shaw
London W14, UK
"gossip" - Google News
February 03, 2021 at 07:17AM
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Letter: When chatroom gossip is market manipulation - Financial Times
"gossip" - Google News
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