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Pastimes : Brokerage-Chat Site Securities Fraud: A Lawsuit
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To: Jon Tara who wrote (2082)7/23/2003 11:53:20 AM
From: CountofMoneyCristo  Read Replies (1) of 3143
 
Let me give you an example. How about we take the defendants. If between 1998-2000 Philip Berber made a huge windfall of $500 million on stock trades he chose himself, but then lost it all due to fraudulent advice from another, would there be liability?

You bet there would be. That $500 million was then his (assuming he made it legitimately) and it was lost due to fraud. That's still a net loss.

I don't think the defendants would be very wise at all to start taking credit for the few trades I chose on my own that won big. They try to do that, they'll fall flat on their faces, because they never called hold any stock for longer than maybe 10 minutes max. There's the key in proving damages right there: hold-duration.
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