The SEC confirms it is investigating SoftBank, according to the SEC's response to a FOIA request; SoftBank was alleged to be a “Nasdaq whale” last year
Masayoshi Son has a really great track record but my favorite hits from him have to be Global Crossing, Wirecard, and Greensil. WeWork, Uber, Oyo, Katerra, The Line City Formerly Known As NEOM, yeah yeah all those are bad but do they really match the ambition of those first 3?
A savvy #FOIA appeal by @PlainSite for “any investigative materials ... pertaining to the various SoftBank companies controlled by Masayoshi Son, specifically relating to SoftBank's trading of stocks and derivatives on those stocks” nets results: https://www.vice.com/...
“How's it going with the whale?” you ask me. Well, it seems the whale is under SEC investigation for market manipulation after buying billions of dollars worth of options to pump up the value of its US tech equity positions. https://www.vice.com/...