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To: Road Walker who wrote (110333)9/19/2000 9:28:35 PM
From: Jim McMannis  Read Replies (1) | Respond to of 186894
 
RE:"I'm not a lawyer, so I can't argue with your legal expertise. It seems to me that if it could be proved that his actions were done to manipulate the market for his personal profit, then saying "I didn't have any idea the stock would drop that much so quickly" might not cut it. But I don't have a clue, and I don't think you do either."

Let me give you a clue. Ask a Lawyer about a specific situation/law. You'll likely get the reply... "Well, uh, I'm not exactly sure about that, I will have to research it."
From what I gather, the law is often not cut and dry...
Then comes the litigation.
Don't get me wrong, I'd like to see some of the brokerage houses taken to task.

Jim