"Everything" here meaning "blatant lying" - and knowingly staying silent on something that obviously has a huge impact on a company is lying - which in corporate America is so normalized that some mistake it for being "everything". Securities fraud is incredibly easy to avoid if executives just stop lying. This soon becomes clear when clicking through the links in the article.

> Yesterday New York State Attorney General Barbara Underwood filed a securities-fraud lawsuit against Exxon Mobil Corp. “alleging that the company misled investors regarding the risk that climate change regulations posed to its business.”

Blatant lying

> if you are a public company that suffers a massive data breach and exposes sensitive data about millions of customers without their consent, and that data is then used for nefarious purposes, and you find out about the breach, and then you wait for years to disclose it, and when you do disclose it your stock loses tens of billions of dollars of market value, then shareholders are going to sue you for not telling them earlier

Blatant lying

The fact that most of this lying (see Exxon) is done under some kind of "nudge nudge, wink wink, we all know what's really going in" doesn't stop it from knowingly lying.

That knowingly lying is securities fraud seems very logical, and nothing like "everything".

This is all moot anyway now that the US is no longer interested in upholding any laws against large companies whatsoever.