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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: mmmary who wrote (8181)	8/28/2001 2:24:59 PM
From: Wayners	Read Replies (1) \| Respond to of 19428

I looked at some of the guys that got busted on that list. The difference between prosecution and not is whether fraud was committed. Anybody can be wrong about the future of a company or stock, but posting incorrect historical information is another thing. I've seen some press releases that were just flat out complete fabrications with no truth in them. I assume the punishments for fraud are not very severe as you see this type of activity continue. Somebody gets barred from the securities industry but surfaces again in the business later doing the same thing again. As I understand it, fraud is only a felony in 30 something states. In the rest its a slap on the wrist and you're off to the next con game. I think there are plenty of ways to be a stock tout and not run afoul of the SEC. It involves getting the historical information right and then you should be able to make any kind of wild ass forecast you want. If the forecast doesn't pan out, then you're just another bad analyst.