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Pastimes : Jonathan Lebed, 14 Year Old Boy Fined 1/4 Million by SEC -- Ignore unavailable to you. Want to Upgrade?

To: who cares? who wrote (17)9/21/2000 12:11:30 PM
From: Pink Minion  Respond to of 172
 
After thinking about it, I guess the use of multiple aliases would make it fraud.

Otherwise....

I feel individual investors should be allowed to shout all they want. Even made up rumors that is their opinion. I might not like it, but I'm a firm believer in the 1st Amendment.

Insiders or people paid stock is another story. Made up press releases or fraud is also another issue.

He didn't slander anyone or yell fire in a theater.



To: who cares? who wrote (17)9/21/2000 12:25:32 PM
From: donjuan_demarco  Read Replies (2) | Respond to of 172
 
I think the SEC should refrain from this kind of action.

If someone violates the law, prosecute him criminally and come down on him like a ton of bricks. If he did not break the law, leave him alone.

This disgorging profits thing, I just don't see the basis for it ... did the kid break the law, or didn't he?


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