The SEC should be shut down. Total waste of money.
Dead Wrong. Reg FD helps YOU at the expense of insiders. Leavitt pushed this against what must have been incredible political pressure from the Banks.
The Clowns have no sense of priority and triage a chipped fingernail to the front of the line.
Don't mix up difficulty proof with the crime, itself. Pumping is illegal, it is wrong, and besides, IT WASTES MY TIME TO READ THE FRIGGIN' POSTS.
This is what probably happened. Every time the sec goes after a sophisticated pumper, he says, "No, I actually believed that this was the best stock ever." Lebed, I'm guessing, MUST have admitted to the SEC that he only said that "this is the best stock I have ever seen" to pump the stock.
SEC says, Bingo, no more calls, we have a winner. That's what Miranda is for. Your b*tch is whether they Mirandized the kid or not, not whether he is less guilty than others you might know.
Plus, it is to be remembered that they didn't exactly throw the book at him, (IMO) looks like they let him keep about 750K and no greybar.
And, then, of course, there is that message thingy to others. |
