I have heard this refrain for decades...Especially in regard to short selling.
The fact is that without shorts, there would be no market.
You MUST have someone on the other side of any trade.
Secondly, these are not lies (in fact), but are opinions issued by people who make their living by issuing opinions..so it follows that you cannot charge someone for a opinion. If you could, we would have a Iranian theocracy or worse.
What is illegal is insider trading, fraud, and other illegal activity..The SEC has their hands full dealing with that. Some of it is actually BS, but the people involved have to pay..
It's not easy sorting through all the fraud...I have been severely burned by the Chinese. Nearly 100k of earned money left my hands due to outright fraud.
A couple have been found out, but they were trading themselves and got caught. That is not permitted under the SEC regulations. Something is going on. . . They were drummed out of the business on both ends. Can't trade, can't write about it.