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by sonnyblarney
2700 days ago
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Shorting a stock, and then making big, loud, public moral assertions about the company is totally unscrupulous, obviously, because it undermines the 'moral argument' being made. If that is in fact what is happening then FB has double duty to call it out. If Soros has actually done that (I don't know that he did), i.e. take a huge position one day and then come out raging the next, it undermines his credibility entirely - he's effectively 'talking his book' and has a huge conflict of interest. This is why Private Wealth managers are not supposed to hustle the stocks of the companies their firm's Investment Bankers are advising - it's a conflict of interest. That is actually illegal for example. |
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Only if those assertions are untrue, I'd say.
> This is why Private Wealth managers are not supposed to hustle the stocks of the companies their firm's Investment Bankers are advising - it's a conflict of interest. That is actually illegal for example.
They have a fiduciary duty, don't they? Soros doesn't have one.