NorthWest Biotherapeutics Inc (NWBO)

[biosectinvestor]

Most likely it’s just general market data and is not intended to be used as alleged, and the lawsuit itself, the group behind it is likely funded by hedge fund founders and similar people who do not like any possibility of prosecution for market distortion.

But I doubt that is what this data was being used for. I doubt anyone’s personal data, wrong doers or ordinary citizens, is available through this surveillance for individual prosecution. The lawsuit will likely make any use of it, even if they had the relevant data and could use it, impossible until and unless it is dismissed completely.

It’s doubtful the data is for surveilling individual trades, likely hasn’t the right detail for this kind of case either. As I said, probably more for observing the market broadly. The’ve never heard of anyone being charged with such data not directly from their financial institution, and I doubt we would ever hear of such a thing. Though banks/broker-dealers and hedge funds likely do not want any kind of market surveillance if they can stop it in any way. Fox is reporting such suits as if they are protecting ordinary investors investors, but that is definitely not the intention. It is to reduce regulatory compliance burdens for larger intermediary players and reduce the risks that data will show they maybe manipulate markets in unfair ways, though doubtful that would easily be shown for any individual company or shares.