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Pastimes : Criminal Internet Stock Promoters Speak Out!
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To: Fredman who wrote (36)10/29/1998 6:00:00 PM
From: Just My Opinion  Read Replies (1) of 189
 
Fred: I am not an attorney,
but I read somewhere that the SEC has no
jurisdiction or maybe it's just any way of
enforcement, on non-US citizens outside of the US.

On US citizens they do anywhere, because they are
breaking US laws, and are citizens.

I think that Non-citizens are only in trouble if they break the
law on US soil.

This is how I understand the company part of the
equation:
Companies can sue people anywhere, and since the
internet is world wide, in theory you could sue
people in every country that a false and misleading
post was available to be read.

I understand that libel is better to sue in
Canada than in the US because, (I may be wrong, here) the onus is
on the guy that's being sued for liable
to prove he didn't make the liable, where in the
States, you have to prove that he did make the
liable.

It's all really a pain in the ass unless you have
enough money to just break whoever you are suing
with court costs.
Then you win either way.
Ha!
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