I think more than wrong or right, or more than to convince us of wrong or right:
The concern is that the SEC has repeatedly leaked during this process.
That due to the specific timing of the leaks, the SECs actions caused more harm, both in volume and SP movement than the “crime” by a massive factor.
That the SEC rushed an investigation because of its own fiscal year end.
And the SEC’s mission statement, which contains 3 sections, should have prevented all of the above.
As a result, the only beneficiary of the SECs actions are short sellers who are not investors.