Of course they do. Why won't they? That dude does not appear to be registered investment advisor, he touted stocks, did probably not disclose he owns them in a timely fashion. And probably a host of other violations we don't even know about. Are you sure the SEC can't find a thing if they open all his books?i highly doubt that. If they want him to go down he will. With or without your consent.
It starts to appear that this guy and perhaps a few other are actually the ones who rigged the stocks and made everyone else blindly follow. It looks increasingly like there was only a small number of those who marketed the stock and constantly pushed it up. And the herd followed willingly. My bet is that it will he revealed that he actually posted fake accounts and that he in reality sold his real long positions ahead of everyone else. Worst case, he shorted the shares right after he dumped them.
Have you actually went back and read his posts on reddit? Early on he was getting roasted and people thinking he was about to lose his ass...Once he started banking he shut his mouth...throughout the entire frenzy he merely posted screen shots of his positions without saying a single thing. He was pretty smart about it really.
He started pushing up the stock already September last year and he also held the stock already last year. When it went up in Jan he thought to quit his job (Jan 21 I think he gave notice). Then he could actually not shut up and showed his broker statements. I think this is what got him the attention by the feds. Dumb of him actually to do that. But again, the story in the end imo will be very different. He dumped the stock way earlier for a good profit and doctored statements to pretend he still holds, he would have gotten murdered if the lemmings found out they were still holding while he and a few others realized profits. Of course he never thought he would get singled out and that the feds would look into his records.
are you retarded? they are the SEC, even the Hedge Funds big guns shit their pants when they get examined by the SEC.
I can see at least 3 or 4 major violations of the SEC federal code here, he is soooo fucked. he stopped posting his video, and has gone all quiet all the sudden. Bet he has retained counselor who is already negotiating with the Enforcement Division of the SEC before they come to get him in his basement.
Geez, all he had to do was sell ATM long-dated calls on everything. That would have kept about 1/3 hedged from this downside move. IV was above 400% even 2 months out.