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by nerdponx
1936 days ago
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The end goal here is to stop suspected illegal pump & dump activity. The definition of "pump & dump" is to make false or misleading statements in order to get the price to go up, so that you can sell. It is not free market activity; it is fraud. |
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"In economics, a free market is a system in which the prices for goods and services are self-regulated by the open market and by consumers. In a free market, the laws and forces of supply and demand are free from any intervention by a government or other authority"
If you outlaw pump and dump scams, it's not a free market. I tend towards favoring less government rather than more, but I wouldn't invest in stocks in any sort of free market environment.