Oh? Why should the SEC do anything? If it's wrong to talk about a company in hopes of affecting the stock price, shouldn't Elon Musk be doing hard time?
He should be, but they basically gave him the same treatment they give a lot of people: a slap on the wrist.
2. SEC did something to Musk, maybe you forgot, maybe you don't think it was enough, but they did something.
They are 'manipulating the market' in an informal sense, but not in the sense that actually matters. There is nothing wrong with publicly stating that you think some stock is overvalued. Particularly not if you back up your claim with some evidence, which is what Hindenburg does.
If that's what you're arguing for, I might be able to get behind it. But I'm definitely opposed to "pumping the market is fine but countering hype should be illegal".