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Given the current administration’s recent market behavior I would not be shocked if people got away with exactly what OP described.
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It's often prohibited by contract, not just law, so what the administration thinks is only part of the story.
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Of course whether or not a contract is or is not enforceable as such is also a matter of law. As I understand, this IPO was unique for a variety of reasons. The fact unique terms are promulgated in a contract does not mean (at least in saner times) that they are automatically immune to regulatory scrutiny.
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