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Pastimes : Jonathan Lebed, 14 Year Old Boy Fined 1/4 Million by SEC
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To: Pink Minion who wrote (103)9/23/2000 8:18:59 PM
From: Phil(bullrider)  Read Replies (2) of 172
 
e-D,

I define "front running" as someone that buys stock at a low price, pumps it on message boards, and then dumps it while encouraging other people to buy.

If Jonathan did not do this, then why is the SEC after him?

It has nothing to do with the first amendment, which deals with the freedom of speech.

The subject is lying, cheating and stealing, which is not covered by the first amendment.

Have fun,
Phil
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