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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.

SNDK 195.95

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3:59 PM EST

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To: bigchad who wrote (3807)	6/8/2018 11:21:50 AM
From: Art Bechhoefer	Read Replies (2) of 4828

"The next day STX does a $236,000,000 share offering with her firm as the sole book runner." That is a practice known as touting and is illegal at the very least under the New York law known as the Martin Act. Federal securities laws going back to 1934 also do not condone such investment firm statements without full disclosure of the investment firm's interest. I doubt that will make much difference in any SEC action. More generally, an individual who owns stock and then tout sit in order to generate more investor demand, which might favor the individual, can be prosecuted under federal law. That has occurred more than once, even during administrations that favored deregulation. Anyone who browses web sites such as SeekingAlpha may notice that articles, often written by amateur investors, always disclose the author's ownership of a stock under discussion, or lack of ownership. Art

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