A.L., just for your records, here is the problem with that dillweed:
His site says this:
The creator(s) and caretaker(s) of this webpage and its hyperlinks may have a position in some or all of the securities listed and they may have received financial remuneration in the form of cash and/or securities for advertisements on this webpage... (emphasis mine)
and the law says this:
...It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof.
law.uc.edu
The way I read it, it's pretty self-explanatory; either he discloses the exact compensation he has received or shall possibly receive in every post he makes, or he is breaking the law. |
