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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: Phil(bullrider) who wrote (122)9/24/2000 10:32:03 PM
From: Pink Minion  Read Replies (1) | Respond to of 172
 
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.

That sounds a lot like what Wall Street does everyday but with their recs.

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

From what I've read, it was using multiply aliases to create a deception. This is fraud. Hopefully, it wasn't using his own name posting some absurd price opinion.

One man's opinion is another man's lie. If lying was illegal, there's a lot of folks I'd like to have locked up.



To: Phil(bullrider) who wrote (122)9/25/2000 12:46:52 AM
From: Follies  Read Replies (1) | Respond to of 172
 
The subject is lying, ...which is not covered by the first amendment.

Are you sure? I thought lying was covered in the first amendment. If not, there sure are a lot of journalists, especially from the NY Times, that should be going to jail.

I just realized maybe you were thinking about the commandments, I think lying is covered there, but that doesn't have jurisdiction here, only in the hereafter.


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