I don't think the SEC should get involved at all. The Tesla thing was obviously a joke to any reasonable human, so that's not a regulatory issue.
And if some reasonable humans choose to employ algorithmic trading systems, and then as a result lose some money because the algorithm wasn't properly tuned, that's not a regulatory issue either. People lose money on stocks because of bad decisions all the time.
Only possible role I can think of would be if there was some additional evidence (like an email chain or something) that Tesla did this release specifically to cause this stock movement. Seems unlikely.
> Only possible role I can think of would be if there was some additional evidence (like an email chain or something) that Tesla did this release specifically to cause this stock movement. Seems unlikely.
What if Tesla has press releases that aren't human readable but trolls automated trading systems? Like a spam trap but for trading?
And if some reasonable humans choose to employ algorithmic trading systems, and then as a result lose some money because the algorithm wasn't properly tuned, that's not a regulatory issue either. People lose money on stocks because of bad decisions all the time.
Only possible role I can think of would be if there was some additional evidence (like an email chain or something) that Tesla did this release specifically to cause this stock movement. Seems unlikely.