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Anonymous Stock Tips, Touts & Fraud

Posted By Barry Ritholtz On March 25, 2014 @ 10:30 am In Hedge Funds,Legal | Comments Disabled

A quick note this morning on anonymously stock tips, one I hope will be less cranky than yesterday’s screed [1].

Greenlight Capital hedge-fund manager David Einhorn last month filed suit against the Seeking Alpha website, demanding to learn the identity of an unidentified blogger who had revealed that Greenlight was acquiring shares of Micron Technology Inc. (Disclosure: I have a contentious history with Seeking Alpha, and a good relationship with Einhorn, though I doubt my critique of activist Apple investors [2] pleased him).

That suit has now been dropped [3], after Greenlight said it learned the identity of the author. But it raises the interesting question of who publishes anonymous stories, and for what reason?

continues here [4]

Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2014/03/anonymous-stock-tips-touts-fraud/

URLs in this post:

[1] yesterday’s screed: http://www.bloombergview.com/articles/2014-03-24/everything-that-s-wrong-with-this-monday

[2] activist Apple investors: http://www.ritholtz.com/blog/2013/02/the-collossal-gall-of-bad-apple-investors/

[3] dropped: http://www.bloomberg.com/news/2014-03-24/greenlight-drops-seeking-alpha-suit-after-blogger-identified-1-.html

[4] continues here: http://www.bloombergview.com/articles/2014-03-25/anonymous-stock-tips-and-touts

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