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Pastimes : Investment Chat Board Lawsuits

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To: Dale Baker who wrote (7043)1/25/2005 12:41:28 PM
From: Bear Down  Read Replies (1) of 12465
 
I think Elgindy's case had a lot more to do with being linked to restricted government databases than most stock types here understand

I totally agree. it doesnt matter if it was 1% of his trades that were linked to royer. I saw an article written this morning that stated as long as he was turning in his research to FBI in hopes of the fbI getting involved, that was legal. That makes sense.

It was the redefining of stock manipulation to include taking a position then turning in your research to the gov that had me wondering where the legal line is. I think if that was the case, a jury would be hard pressed to convict. I can't imagine the government wanting all the cyber sleuths to stop turning in frauds for fear of a manipulation charge if they have a position in the particular security. I haven't personally turned in a fraud since my meeting with an FBI agent who obviously has his head in his ass and maybe his hand in a certain CEO's pocket when he informed me turning in a fraud while holding a position that could profit from the government busting said fraud was in his opinion, stock manipulation.
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