Sole copy of Wu-Tang Clan album to be played to the public for first time at Mona

[oldsoftie]

5. Oh no; because the law allows him to do what he did. It SHOULDNT but it does.

The short (no pun intended) story is this; Shkreli had a large following online. He would post his stock picks. So a company I was invested in had applied for approval of a cancer diagnostic. Everything was going well. So he shorted the stock (BEFORE telling anyone) and filed a "citizens petition" asking that the FDA deny approval. His petition was full of false information, but by law it has to be investigated. THEN he posts to his followers what he'd done. The price of the stock dropped 30% in ONE day, IRRC. By the time the FDA denied his petition the damage had already been done. ALL of that was & still is legal.
Institutional short selling should be illegal. Short selling of any low volume/low market cap company should be illegal. And if you knowingly file a CP that contains false information you should be charged.