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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: donjuan_demarco who wrote (136)	9/25/2000 9:08:10 PM
From: Bill Ulrich	Read Replies (1) \| Respond to of 172

1. "We are not here to talk about what is RIGHT and what is WRONG." 2. "The questions are: (1) What is legal, and what is not?" Laws define what is right and what is wrong for the general populace for a particular point in time, so we are talking about similar, if not the same, thing. Whilst it is not illegal today (yet still wrong) to ignore teaching your kids right and wrong—it is still nonetheless illegal AND wrong today to defraud other people in the premeditated manner engaged by Lebed. In a similar vein, teaching kids about laws and legal consequences is kind of a 'good thing', too. If the parents don't do it, the System will, sometimes in a less gentle manner. No amount of LebedApologist pointing to other analysts, the First Amendment, other posters, and lack of DD changes the intentional deception and resultant loss here. "What is an appropriate subject for SEC enforcement, and what is not?" We have premeditated deception. We have securities. I'd say that the combination of those two areas is very appropriate for the SEC to handle. Do you disagree that the SEC shouldn't be involved in that combination?