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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (20739)7/22/1997 4:37:00 AM
From: Stratajema   of 132070
 
MB. Is there any reason why a broker might tell a customer to buy a particular stock from someone else? Here is an excerpt from a post that got my interest: "This rumor came from a broker who said he cannot sell me this stock because he did not want to be charged with insider trading."

The stock in question happens to be a "scam" company that I track. The company is always in need of cash so maybe the broker is handling a secondary offering? Here is a link to the complete post: techstocks.com

Thanks.
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