Re:Soros at Davos: China's social credit system and Big IT a...
by ceejayoz on Sunday January 27, 2019 @04:21PM
(#19013857)
> Shorting a stock, and then making big, loud, public moral assertions about the company is totally unscrupulous, obviously, because it undermines the 'moral argument' being made.
Only if those assertions are untrue, I'd say.
> This is why Private Wealth managers are not supposed to hustle the stocks of the companies their firm's Investment Bankers are advising - it's a conflict of interest. That is actually illegal for example.
They have a fiduciary duty, don't they? Soros doesn't have one.
Re:Soros at Davos: China's social credit system and Big IT a...
by dragonwriter on Sunday January 27, 2019 @04:41PM
(#19013956)
> They have a fiduciary duty, don't they?
Not necessarily.
If that is in fact what is happening then FB has double duty to call it out.
If Soros has actually done that (I don't know that he did), i.e. take a huge position one day and then come out raging the next, it undermines his credibility entirely - he's effectively 'talking his book' and has a huge conflict of interest.
This is why Private Wealth managers are not supposed to hustle the stocks of the companies their firm's Investment Bankers are advising - it's a conflict of interest. That is actually illegal for example.