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Biotech / Medical : Imclone systems (IMCL) -- Ignore unavailable to you. Want to Upgrade?

To: aknahow who wrote (1759)	12/31/2001 8:24:57 AM
From: tom pope	Read Replies (1) \| Respond to of 2515

I knew that Dirks was eventually vindicated, but I thought that the Supreme Court had not totally gutted the SEC position on tippees. Just shows that I'm not a lawyer. The SEC has at times taken extreme positions. There was a chief counsel of the SEC about 20 years ago (name escapes me, but he was quite well known and went on to a successful private career) who held that you could be charged with insider trading if you passed a plant on fire and went on to phone your broker to short the stock of the company. Apologies for the OT nature of this discussion.