To: cuemaster who wrote (143 ) 10/13/1999 12:56:00 PM From: StockDung Read Replies (1) | Respond to of 487
SECURITIES FRAUD Not every decline in the stock price of a publicly traded corporation will be the result of a fraudulent scheme. However, if fraud is involved, a defrauded investor may sue to recoup his or her losses. Congress has passed many laws regulating the securities markets and the corporations who issue publicly traded securities. These regulations require corporations to be honest and forthright with their investors regarding the news that the corporations release as well as any statements made by corporate officials. -------------------------------------------------------------------------------- Corporate officials who knowingly lie about the corporation are committing fraud. -------------------------------------------------------------------------------- Why do Corporate officials lie? Greed and power are usually the underlying reasons. Lies can be released to the financial markets in many ways: news releases, quarterly and annual reports, SEC filings, market analyst conference calls, proxy statements, and prospectuses. Whatever the method, when uncovered, the results are devastating. Stock declines of 25% to 70% are typical. -------------------------------------------------------------------------------- I've been defrauded and want to do something about it. -------------------------------------------------------------------------------- Actions against corporations and their officers for securities law violations are typically filed as class actions, whereby the person bringing the law suit acts as a representative for all those who were defrauded. Class actions allow investors, even with very small losses, to bring actions seeking a recovery of their investment losses. -------------------------------------------------------------------------------- Home Page | Stock Broker Abuse | Contact Us | Fraud Reporting -------------------------------------------------------------------------------- Copyright © 1999 - Leo W. Desmond, Esq.