This week is being a bit difficult for Tim Cook and is that in a move to keep Apple investors calm, he has possibly screwed up and breached the law that says he cannot disclose internal information that could help investors in a way private. All this is motivated by the collapse of the Chinese stock market, which caused Apple shares to fall below one hundred dollars.
Faced with such a situation, Tim Cook made the decision to send an email to CNBC presenter Jim Cramer for the program he directs, Mad Money. In the email, he gave data that he should not have made public, and this information could become a violation of the law of the Security Exchange Commission (SEQ).
We are not talking about the Apple CEO has gone mad and revealed confidential information. The only thing Cook did was to give certain details regarding the control that the Cupertino company has in relation to stock movements and prices. He gave data on how the iPhone and the company in general are doing in China, which can favor the speculation of buying low and then selling high.
Now, as some experts in the field have been quick to affirm, Cook could face accusations of having violated the law of the SEC. This law establishes that all the information that can be given in this regard must be made publicly and not in an email addressed to a single person. That's why that companies present their results each quarter, thus being public information and not giving an advantage to other investors or companies.
