this post was submitted on 09 Dec 2023
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Messing with the stocks directly even if they did work like that would do nothing. Pausing the stock would cause the price to immediately return the market rate the moment it gets relisted. Not to mention that only punishes publicly traded companies. I'd be willing to say wage theft happens more frequently with private companies who wouldn't be effected in any significant way if you paused their stocks.
A way better punishment would be to suspend their business license temporarily. The effects would be almost identical to sending someone to jail as it prevents them from earning any income for that period of time while still being on the financial hook for any debts.
sure, the price would change when it gets relisted, BUT that doesn't matter, fucking stock valuation is a reflection just on the popularity of the company, but they can't trade the stock, making it a dead fish in portfolios for years