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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: Pink Minion who wrote (103)9/22/2000 11:10:23 PM
From: LPS5  Read Replies (1) | Respond to of 172
 
He was not front running. He did not have a...list of [customers] that he traded ahead of[.]

That's absolutely right. "Frontrunning" is a term that's bandied about far too much, and almost always incorrectly. It's a term particularly abused by newspapers.

LPS5



To: Pink Minion who wrote (103)9/23/2000 1:26:40 AM
From: ISOMAN  Respond to of 172
 
his website was called Stock-dogs.

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.well a lookie here...a triple...

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(information for the illegal post filter...this isn't one)



To: Pink Minion who wrote (103)9/23/2000 8:18:59 PM
From: Phil(bullrider)  Read Replies (2) | Respond to of 172
 
e-D,

I define "front running" as someone that buys stock at a low price, pumps it on message boards, and then dumps it while encouraging other people to buy.

If Jonathan did not do this, then why is the SEC after him?

It has nothing to do with the first amendment, which deals with the freedom of speech.

The subject is lying, cheating and stealing, which is not covered by the first amendment.

Have fun,
Phil


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