Whether or not the information was material will be a sticking point in this case but the larger lesson for public companies and executives with social media accounts is this: Make sure your investors can easily find your social media accounts especially if your CEO is updating followers and friends about the company.

FORBES: Don't Blame The SEC, Netflix CEO's Facebook Post Is Questionable

Then make sure you do it in a relatively civilised, easily accessible part of the country, backed by energetic foreign friends.

ECONOMIST: Old Russian habits die hard