“It’s just mind-bogglingly nonsensical,” Jonathan Macey, a Yale Law School corporate law, corporate finance and securities law professor, said of Trump’s story.

Macey repeatedly laughed while discussing the story in an interview. He said it would be the equivalent of someone claiming that, to avoid persecution in New York, they were going to avoid shopping at Macy’s in New York but instead would shop at the Bloomingdale’s store next door in New York. He said: “Like, what?”

“I hope somebody advising President Trump informs him that the same investor protection rules that safeguard investors of the New York Stock Exchange also safeguard investors on the Nasdaq Stock Market,” Macey said.