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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: B.REVERE who wrote (55928)1/9/2001 6:36:30 PM
From: Sunny Jim  Read Replies (1) of 436258
 
<<Harpo and others selling into their bs recos>>

It's amazing to me how they get away with that. It is clearly a sophomoric form of stock manipulation and fraud, yet the SEC refuses to acknowledge it. Several years back, Jeff Vinik touted MU like crazy and at the same time was liquidating it out of his Fidelity portfolio. I wrote the SEC and got the response that "Vinik received no personal gain from it" so he didn't break the law. Pure "look the other way" in my opinion. What do they think his bonus was calculated on, his looks? If an SEC investigation shows that someone of influence touts and sells pesonally or out of a fund they manage, or touts and recommends selling to anyone else(like a preferred client), they ought to be prosecuted to the fullest extent of the law. It is clearly fraud IMO, and it harms the working of a free market as well as the small investor.
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