SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Brokerage-Chat Site Securities Fraud: A Lawsuit
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jorj X Mckie who wrote (2175)7/24/2003 8:33:15 PM
From: Art Bechhoefer  Read Replies (2) of 3143
 
I'm not aware of the court cases that might apply, but I do know (as an investment advisor) that the SEC considers advice to be any recommendation to buy, sell, or hold, whether it is based on TA, fundamental analysis, or even astrology. The SEC considers opinion to be views about a security, not recommendations. For example, if a person says, "I like IBM." That is considered an opinion and is not subject to regulations governing investment advice. But if the person instead says, "Buy IBM." that's a recommendation.

In order to protect themselves, investment analysts and others who appear on TV, radio, or who are quoted in investment magazines often use the term "I like" or similar opinion pro or con to indicate an opinion rather than a recommendation. You will often hear commentators on TV use the "I like" terminology.

Art
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News