Join push for SEC Investigation of TSLA manipulators and inside traders

[mrdoubleb]

Has any if you thought about inquiring at the SEC (submitting a complaint) about their constant leaking during the "funding secured" investigation?

What if we collected all the news articles that quoted "people familiar with the matter" about the status of the investigation and asked the SEC if they conducted any internal investigations and if so what was the result? It is very likely that one or more if their staff was leaking the info. At the very least it would have been prudent in their end to investigate. Their main agenda is to prevent market manipulation yet these leaks did exactly that.

 

[Papafox]

Type into the Twitter search area the name Dana Cimilluca, one of the authors of Friday's WSJ hit piece. Looks like lots of SEC claims filed and lots of investors getting ready to sue. You get a better feel for what's going on by typing Dana's name, rather than his @... The following three image thumbnails will give you a flavor of what's going on:




The overriding opinion is that the WSJ article was basically a repeat of old news that was promoted as a scoop. The only new information was a statement that some former employees of Tesla had been interviewed by the FBI during the past couple weeks. Timing this "scoop" to come out just a couple hours before the close of Friday's option expirations is one of the loudest complaints because it suggests the motive for this article was to manipulate the stock price.

@strangecosmos , maybe you ought to get on Twitter and tell the scores of irate TSLA investors that their SEC filings and lawsuits are silly and of no use.

 

[mrdoubleb]

Any significance to this coming out just as we were hitting 340 (is that some major support level)?

 

[Lasttoy]

I wish everyone who bought into Tesla out of greed would just sell and go buy Boeing.
We bought Apple in 1980s, we didn't have this greed to put up with.
Please just take your money and greed somewhere else. This greed is just costing Tesla a lot of profit to answer.
Short sellers are just greedy souls, we call them vultures. Go away.
My question is, are they holders of big oil, or big auto? Are they affraid of Tesla?? Yes.

 

[LargeHamCollider]

There is obviously some pretty wretched coordination going on between various media outlets and and anti-tesla interests. It's not limited to Tesla either, news on most momo stocks is at least close to as bad.

Huge thanks to Papafox for years of high quality analysis here, I think this thread will prove to be one of your most important.

Here's the link to file an SEC complaint: SEC Investor Complaint Form

Also why is Trent Eady (@strangecosmos) now carpet bombing the investors section with condescending drivel? Dude Is clearly not an expert investor.

 

[ggr]

Has any if you thought about inquiring at the SEC (submitting a complaint) about their constant leaking during the "funding secured" investigation?

What if we collected all the news articles that quoted "people familiar with the matter" about the status of the investigation and asked the SEC if they conducted any internal investigations and if so what was the result? It is very likely that one or more if their staff was leaking the info. At the very least it would have been prudent in their end to investigate. Their main agenda is to prevent market manipulation yet these leaks did exactly that.

Hmmm, can you FOIA the SEC?

 

[traxila]

It would only be illegal if it were a deliberate and knowing lie, and the lie were told for profit.
.

So I guess Musk is off the hook for his funding secured tweet then. Oh wait....

 

[KarenRei]

Hmmm, can you FOIA the SEC?

Yes.

SEC.gov | Request for Copies of Documents

If you can't afford whatever fees they want to charge for the documents, know that you can surely raise the money easily here and/or Twitter and/or Reddit and/or M3OC....

Everyone, feel free to suggest any wording you want included in the "Pertinent information" section

 

[Papafox]

Type into the Twitter search area the name Dana Cimilluca, one of the authors of Friday's WSJ hit piece. Looks like lots of SEC claims filed and lots of investors getting ready to sue. You get a better feel for what's going on by typing Dana's name, rather than his @... The following three image thumbnails will give you a flavor of what's going on:
View attachment 347723
View attachment 347724
View attachment 347725

The overriding opinion is that the WSJ article was basically a repeat of old news that was promoted as a scoop. The only new information was a statement that some former employees of Tesla had been interviewed by the FBI during the past couple weeks. Timing this "scoop" to come out just a couple hours before the close of Friday's option expirations is one of the loudest complaints because it suggests the motive for this article was to manipulate the stock price.

@strangecosmos , maybe you ought to get on Twitter and tell the scores of irate TSLA investors that their SEC filings and lawsuits are silly and of no use.

The main purpose of my earlier post today was to raise awareness that:
* Significant involvement is now being shown by TSLA investors regarding perceived SEC violations by unethical media conduct and by short sellers
* This involvement by TSLA investors will indeed have some positive impact on the fairness of news reporting regarding Tesla and Elon Musk. I strongly suspect that the WSJ's legal team is going to take a look at activities over the weekend and digest the changes in the playing field that are taking place.
* Add this pressure upon the media and irresponsible short-sellers to the enormous change in the story of Tesla that the 3Q 18 ER brings forward, and we may see substantial squelching of the FUD+manipulations formula that previously was a powerful tool used by short-sellers in TSLA manipulations.

Good work all but don't rest yet. Let's get some convictions by the SEC of violations or successful lawsuits to wake up the manipulators. If the SEC won't play ball, then we go to Congress and attempt improvements from a legislative angle as well as asking ranking members to hold discussions with the SEC to understand why this commission is sleeping on the job and not protecting legitimate shareholders in a public company.

Now, let's also look at the Freedom of Information Act (FOIA) implications regarding the SEC and how best we might use information gained to bring more fairness to our stock and options trades.

 

[TNEVol]

It seems to me logical that if shorts are in fact investors that need protection just like those who support a company, full disclosure of shorting should also be required as in 5the positions they hold, the trades and how much.

 

[LargeHamCollider]

The main purpose of my earlier post today was to raise awareness that:
* Significant involvement is now being shown by TSLA investors regarding perceived SEC violations by unethical media conduct and by short sellers
* This involvement by TSLA investors will indeed have some positive impact on the fairness of news reporting regarding Tesla and Elon Musk. I strongly suspect that the WSJ's legal team is going to take a look at activities over the weekend and digest the changes in the playing field that are taking place.
* Add this pressure upon the media and irresponsible short-sellers to the enormous change in the story of Tesla that the 3Q 18 ER brings forward, and we may see substantial squelching of the FUD+manipulations formula that previously was a powerful tool used by short-sellers in TSLA manipulations.

Good work all but don't rest yet. Let's get some convictions by the SEC of violations or successful lawsuits to wake up the manipulators. If the SEC won't play ball, then we go to Congress and attempt improvements from a legislative angle as well as asking ranking members to hold discussions with the SEC to understand why this commission is sleeping on the job and not protecting legitimate shareholders in a public company.

Now, let's also look at the Freedom of Information Act (FOIA) implications regarding the SEC and how best we might use information gained to bring more fairness to our stock and options trades.

Can't like it, gotta love his post.

 

[Sancho]

I've just sent off my letter to my Congressman urging a Congressional investigation into the WSJ's release of the October 26 article. I cc'd all three WSJ reporters and its senior editors.

Don't tread on me.

 

[SW2Fiddler]

Don't tread on me.

 

[Tslynk67]

I started filing an SEC complaint, but got blocked as I couldn't see "common shares" on the drop-down list.

Does anyone have a screen-print of what they entered so I can copy the relevant parts?

Cheers

 

[ggr]

Yes.

SEC.gov | Request for Copies of Documents

If you can't afford whatever fees they want to charge for the documents, know that you can surely raise the money easily here and/or Twitter and/or Reddit and/or M3OC....

Everyone, feel free to suggest any wording you want included in the "Pertinent information" section

Thanks for finding that link. FOIA request(s) for Tesla and Elon Musk sent.

 

[ggr]

I started filing an SEC complaint, but got blocked as I couldn't see "common shares" on the drop-down list.

Does anyone have a screen-print of what they entered so I can copy the relevant parts?

Cheers

"Equity Security (general)". I used Options, but if you just hold stock, that's the answer.

 

[ggr]

Well, gotta give it to the SEC Ombudsman office; they're prompt.

TL;DR:
1. Ignored my protest that you don't get acknowledgement when you lodge a complaint.
2. Go read our press releases.
3. That's it... go away now.

U.S. SECURITIES AND
EXCHANGE COMMISSION




Dear Mr. Rose,

Thank you for your comments relating to the recent enforcement action taken against Elon Musk and Tesla. The Securities and Exchange Commission considers investors’ opinions about the work that we do to be important, and appreciates hearing the views of market participants and others. As you may know, the SEC Ombudsman is an independent, impartial, and confidential resource who serves as a liaison between the Commission and retail investors in resolving problems that retail investors may have with the Commission or with self-regulatory organizations (SROs).

Matters such as the one involving Elon Musk and Tesla are handled by the SEC Division of Enforcement. For more information about how the Division of Enforcement conducts its work, generally, and its perspective on the recent events involving Elon Musk and Tesla, you may wish to review remarks by Steven Peikin, the Co-Director of Enforcement, “Remedies and Relief in SEC Enforcement Actions.” In addition, you may wish to review Chairman Jay Clayton’s statement regarding the agreed settlements and the SEC September 29th SEC press release for further information regarding the agency’s viewpoint.

If you have additional questions or concerns, please contact the SEC Office of Investor Education and Advocacy (OIEA) at [email protected] or by phone at 1-800-SEC-0330 (1-800-732-0330) for additional assistance and information.

Again, thank you for contacting us, and thank you for your interest in the work of the Commission.

Kind regards,

Jessica L. Manuel
Law Clerk II
Ombudsman Operations
U.S. Securities and Exchange Commission

The Ombudsman generally treats matters as confidential, and takes reasonable steps to maintain the confidentiality of communications. The Ombudsman also attempts to address matters without sharing information outside of the Ombudsman staff, unless you give the Ombudsman permission to do so. However, the Ombudsman may need to contact other SEC divisions or offices, Self-Regulatory Organizations, entities, and/or individuals and share information without your permission under certain circumstances including, but not limited to: a threat of imminent risk or serious harm; assertions, complaints, or information relating to violations of the securities laws; allegations of government fraud, waste, or abuse; or if required by law, such as pursuant to a court order or Freedom of Information Act request initiated by a third party.

Information provided by the staff via email is informal and is not binding on the staff or the Commission. The information is provided as a service to investors. It is neither a legal representation nor a statement of SEC policy. SEC staff cannot act as your personal representative or attorney. For specific information on protecting your particular rights, or if you feel you need a definitive legal analysis of your particular situation, it may be in your best interest to consult with an attorney who specializes in securities law.

This communication and any attachments may be privileged or confidential. If you are not the intended recipient, you have received this communication in error and any review, dissemination, distribution, copying, or use of this communication is strictly prohibited. In such an event, please notify SEC staff immediately by reply email to [email protected] or by phone toll-free at 877.732.2001 and immediately delete this communication and all attachments.


Ombudsman
U.S. Securities and Exchange Commission
100 F Street NE | Washington, DC 20549
202.551.3330 | Toll-free: 877.SEC.2001 (877.732.2001) | Fax: 301.847.4722
[email protected] | SEC.gov | Ombudsman
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[AudubonB]

And that response ggr received deserves to be part of whatever material each provides to his or her Congressional Representative when so writing.

Oh: and read my new sig-line, if you haven't already.

 

[Futuresystem]

I have a simple phrase for the shorts.

“Bottom dwellers”.
The practice should be illegal, period!

 

[ggr]

Well, gotta give it to the SEC Ombudsman office; they're prompt.

TL;DR:
1. Ignored my protest that you don't get acknowledgement when you lodge a complaint.
2. Go read our press releases.
3. That's it... go away now.

Response to the actual complaint:

Dear Dr. Rose:

Thank you for contacting the U.S. Securities and Exchange Commission (SEC) regarding your concerns about The Wall Street Journal and Tesla.

The SEC’s Office of Investor Education and Advocacy processes many comments from individual investors and others. We keep records of the correspondence we receive in a searchable database that SEC staff may make use of in inspections, examinations, and investigations. In addition, some of the correspondence we receive is referred to other SEC offices and divisions for their review. If they have any questions or wish to respond directly to your comments, they will contact you.

Thank you for communicating your concerns.

Sincerely,