Stephen Diamond spoke to MarketWatch about the Facebook whistleblower situation

Stephen Diamond spoke to MarketWatch about the Facebook whistleblower situation.

Stephen Diamond, an associate professor of law at Santa Clara University, said that Haugen’s submission should trigger an investigation by the SEC as to whether or not Facebook has made misleading statements or omitted material information to investors.

“The real question is whether or not Facebook has been disclosing a balanced picture of the impact of this kind of activity to their investors,” he said.

“There is momentum here that suggests Facebook has some serious issues,” Diamond said.