Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Matt Brown who wrote (45181)	10/13/1999 11:11:00 PM
From: Don Pueblo	Read Replies (7) of 122087

There is a semantic problem here. "Front-running" is defined legally as a broker (or a brokerage firm) taking a position in a stock and then hyping it to their clients in order to make money. This is one of the sleaze tactics that was used by firms prior to the Securities Act of 1934. If you are a broker, you can get in some very serious trouble if you get caught front-running. It starts with losing your license and gets worse from there. If you are not a licensed broker, then "technically" it is not front-running. The phrase has come to mean 'anyone who does it' but in fact, the legal definition has to do with licensed professionals in the securities industry What Anthony is talking about is doing the same thing as a private individual; buying a stock and then telling a bunch of other people to buy it, watching it run up, and then dumping it. TJ has been doing this for years and he is not shy about telling people what he does. His assertion is that it is "not illegal". We'll see what the government decides... Without getting into a legal argument about it, you can easily decide whether such tactics are ethical.

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