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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: Follies who wrote (49)	9/21/2000 8:29:08 PM
From: EL KABONG!!!	Read Replies (1) \| Respond to of 172

dale, I'm not really following your point here. And I'm sure that you have a valid point to make. Telling someone to jump off a bridge (and s/he does it) might actually get you into legal trouble if the person that jumped was in some way mentally impaired or incapacitated. I don't know. I'm not a lawyer. And I'm not aware of any laws that specifically forbid telling someone to jump from a bridge. But I do know (and understand) securities laws. For the most part, they are very clear. And when you violate one (or more) of these rules and regulations, you must pay the going price. It's quite one thing if you unknowingly and unwittingly commit a minor infraction. It's quite something else to knowingly and intentionally "misappropriate" monies from other investors through the dissemination of false and/or misleading information. And it is a direct and specific violation of the rules that govern an orderly market. Can you get jail time for securities violations? Sure you can. Michael Milken is just one example. More recently, we have the fellow that frequently appeared on CNBC and divulged insider information to a Canadian porn-star. We have professional touts, that is people that are paid equities or cash to promote the virtues of some God-awful stock, and then we have the amateurs, people that buy in at lower prices and then engage in the art of pump 'n dump. You may not agree with the law, but P 'n D is a violation. And this case should serve as a warning to all of the other penny stock touts out there that try to entice the gullible marks into buying PoS stocks. KJC