I think unfortunately, the only way to deal with that is to regulate shorting of small stocks, stocks that are in small imperfect markets like these tiny biotechs. You should only be able to short against actually held shares, to protect one’s holdings only. Portfolio insurance. You should actually hold shares when you short and the amounts should not be more shares than exist in the marketplace. I believe that would change the dynamic immensely in this space.
And maybe during certain times, there should be no shorting allowed. You’re either in or you’re out, period.
If filing a false police report is actionable then filing a false agenda report by the media ought to be actionable when damages occur and there is a history of false reporting ie rebuke by head of DSMB. When “everyone literally knows what is going on…” and nothing is being done then that is a problem especially when financial harm is being done on an ongoing basis. I believe strongly in free speech and believe it should be protected. However, when that speech leads to unwarranted harm then there needs to be consequences/restitution that are not nearly impossible to enforce. There should be no protection for a deliberately biased or financially compensated “opinion” that is used to aid others in illegal activity or protect one’s own financial position and that is exactly what Citadel pointed to when mentioning Adam in their responses to the first complaint of spoofing against them. Reworking the rules surrounding the use of short trades is needed to be sure but so is the ability to bring accountability to “free speech” because freedom isn’t free and freedoms abused and not corrected lead to great strife and division. See anything like that going on today? Best wishes.