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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (134067)	3/5/2001 1:14:10 PM
From: Scumbria	Read Replies (1) \| Respond to of 1570830

Ted, Why are you getting upset about an unreported $800,000 insider sale made right before a stock crash induced by the seller's father invading a foreign country? Do you see ethics problems with that? Scumbria

To: tejek who wrote (134067)	3/5/2001 5:35:06 PM
From: hmaly	Read Replies (2) \| Respond to of 1570830

Ted,,, Of course, you are right. Dubya is a boy scout, and his family is right out of a Brady Bunch sequel. <<<< I didn't say that at all. I said that the example you use, isn't an example of insider trading at all. To be considered a violation of insider trading rules a trade must have " deception in connection with the purchase or sale of any security" -- a required element of violations in Section 10(b) It is not illegal for a officer of any company to trade his shares, and whether he reports the sale or not doesn't necessarily make it a deceptive trade. What makes it a deceptive trade is when you pump and dump the stock. Or you exaggerate your loses so you can pick up stocks on the cheap. The SEC requires you to report a trade within 30 days so the SEC can easily check for pump and dump schemes. Because GW didn't report the trade within 30 days doesn't mean he is guilty of deceptive practices, he is guilty simply of not reporting on time, which is a misdemeanor compared to pump and dump schemes, which can be a felony. AFAIK the SEC never prosecutes nontimely reporting, the SEC just prosecutes deceptive practices; because deception is a required element in violations of 10b 1934 SEC act. <<<<<< , Clinton was not convicted of any wrong doing so you need to back off on Whitewater....<<<<<< Wrong. In a deal with the special prosecutor Ray, Bill on 01-19-2001 plead guilty to lying in court , and agreed to pay all of his legal bills and agreed to a suspension of his law license for 5 yrs. In addition Bill was fined $95,000 dollars for lying in court by judge Wright in the Jones case. .