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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?


To: Bill Ulrich who wrote (8805)2/10/2003 2:20:01 PM
From: Mike M  Respond to of 10293
 
Securities fraud is very difficult to prove Bill. There is no way that the SEC can monitor all Internet threads, much less trading accounts. I have no idea what effort has been made to determine whether there is any truth to these allegations. Perhaps there is none.

However, if there is, then it is clearly illegal as described by the cite. There is no difference between pumping and dumping and selling short then bad mouthing.

I make no allusion to short selling and then hedging the position by a buy in the margin account. However, if the short position is naked (not from borrowed shares) then that is a clear circumvention of acceptable trading practices and illegal.