Jonathan Lebed, 14 Year Old Boy Fined 1/4 Million by SEC Message Board

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Pastimes : Jonathan Lebed, 14 Year Old Boy Fined 1/4 Million by SEC

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To: Phil(bullrider) who wrote (122)	9/24/2000 10:32:03 PM
From: Pink Minion	Read Replies (1) of 172

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. That sounds a lot like what Wall Street does everyday but with their recs. If Jonathan did not do this, then why is the SEC after him? From what I've read, it was using multiply aliases to create a deception. This is fraud. Hopefully, it wasn't using his own name posting some absurd price opinion. One man's opinion is another man's lie. If lying was illegal, there's a lot of folks I'd like to have locked up.

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