
Andrew Left has filed a petition with the U.S. Securities and Exchange Commission (SEC) seeking regulatory clarity regarding the rights and obligations of investors who publicly comment on securities. The petition aims to address potential liabilities for individual investors who make public statements about their positions on social media and then trade those securities. Key points of the petition include inquiries about whether individual investors could be held liable for such comments, the timeframe within which they may be liable, and whether the rules apply universally or are limited to investors with a certain number of followers. The petition highlights ongoing confusion in the regulatory landscape, which has been described as creating an environment hostile to innovation and conducive to fraud.
Left petition asks for a rule clarifying a) if individual investors may be liable for commenting on positions on social media and later closing them, b) within what timeframe, and c) are all individual investors potentially liable or only those with a certain # of followers?… https://t.co/lgNRJy0Jfv
Andrew Left Petitions SEC for Regulatory Clarity to Protect Free Speech and Property Rights of Investors... I happen to think this is great and long Overdue..Everyone needs Rules of The Road Here https://t.co/ExDu4Vat2H
Interesting petition. The Left case appears to create legal uncertainty for bloggers who make public statements and then rapidly trade contrary to those statements, yet the practice continues. Clear rules should be established. https://t.co/UukPWRHphj https://t.co/cb2Cs2UqMn
