Follow the incitement: the assertion that the opposition between the presumption of market fraud and negative fraud tactics is only contextual lacks the underlying motivation.
Who benefits from this narrative minimizing the impact of market fraud?
The presumption of fraud is a fundamental protection for investors, allowing class actions without proof of individual reliance for each party.
If we accept negative fraud as 'contextual', we weaken the legal basis to challenge these manipulations, such as a defamation campaign orchestrated before a share buyback.
It is not just contextual; it is a direct attack on the trust and integrity of the financial market.