The New QUALCOMM - Coming Into Buy Range Message Board

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Technology Stocks : The New QUALCOMM - Coming Into Buy Range

QCOM 174.01

-0.3%

3:59 PM EST

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To: waitwatchwander who wrote (5820)	2/9/2010 10:28:35 AM
From: Art Bechhoefer	Read Replies (1) of 9129

It's not legal in New York State. There are two laws that apply, one of which is known as the Martin Act, used by Attorneys General Spitzer and more recently Cuomo to go after firms that manipulate the price of shares through intentionally misleading information. The other law, similar to that, applies to brokers who manipulate share prices for their own benefit. Note also the comments on the scale of operation needed to influence the price. This is a classic abuse of the free market system, which requires that all transactions be small enough so that no single transaction can affect the market price. That's precisely why it is necessary to have regulations and enforce regulations. It's the only way to preserve the market system. Art

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