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: Sword who started this subject	9/25/2000 10:36:37 PM
From: CountofMoneyCristo	Read Replies (1) of 172

Lebed and Legalities - What Lebed did was certainly wrong and morally reprehensible. As for illegal, the SEC may claim that, but then he admitted no guilt. He should get a good lawyer, as their commentary calling his behavior illegal when he admitted no such thing could be considered grounds for a slander suit. The important issue here is why an understaffed SEC which has undergone a series of inconceivable budget cuts would waste time going after a young boy, when there are far more serious targets in range. My view on this is the SEC is not nearly so independent as it claims to be. If it were, Wall Street investment banks would be under intense investigation for their daily and well-known manipulation of stocks across the board, and their scheming abuse of their position as analysts, routinely flouting laws designed to protect investors. They can be forced to act, however, through public opinion. That time is coming. Olivier L. F. Asser

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