> /r/wsb, on the other hand, loves tail risk, long or short. That subreddit needs to be shutdown by the SEC. It's serving as an investment advisor for a significant number of young people, whether it masquerades as satire or not.
I think this would set a bad precedent. the "advice" on wsb is mostly terrible, but if a bunch of trolls posting loss porn can be construed as an "investment advisor", I'd hate to see what other sorts of irresponsible speech can be shut down. if I give you shitty legal advice, I might be "acting as a lawyer" in some sense, but I'm not actually a lawyer and I shouldn't be subject to the same liability as a real lawyer.
I think this would set a bad precedent. the "advice" on wsb is mostly terrible, but if a bunch of trolls posting loss porn can be construed as an "investment advisor", I'd hate to see what other sorts of irresponsible speech can be shut down. if I give you shitty legal advice, I might be "acting as a lawyer" in some sense, but I'm not actually a lawyer and I shouldn't be subject to the same liability as a real lawyer.