The question posed by this article is unfair, because it labels Ackman as a regulator. He has absolutely no regulatory authority, and if you want to claim that his money allows him to act as one, then what of all of the money put behind Herbalife by billionaire investors? Are they regulators propping up a company?

There was an investigation into Herbalife because there are legitimate questions about its business practices that Ackman drew attention to through his research. If he were a regulator, then his massive bet would have fared far better than it has.