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Pastimes : Brokerage-Chat Site Securities Fraud: A Lawsuit -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (2192)	7/24/2003 5:00:04 PM
From: CountofMoneyCristo	Read Replies (1) \| Respond to of 3143

That's a strange remark coming from two guys who have argued that stock picks aren't investment advice, in fact sorry they're just opinions, and have never at any time in any detail discussed the actual LAWS under which claims have been brought. Seems to me the laws are pretty important in a lawsuit. Or maybe laws are just "opinions" too, don't really matter at all, you follow them, you are the one to blame, damned fool, who listens to these opinions anyway! If you were balanced - thank goodness I have come to see that you are not, however, as we agree Devil's Advocate is extremely valuable and helpful to me in certain respects - well, then you would look at the laws, then say, OK, if they lied to you that's a deceptive trade practice and they're liable under that code. Or, well I'm not an attorney so I'm not qualified, which would be more than fair to say. Neither am I. My former attorneys and some now though have laid out the liability. But some things you guys say are just ridicule. Just an opinion. You saw that log. That's a whole lot more than a mere opinion out of the blue. It's advice, a recommendation, a call to action to execute a trade, leading to the payment of a commission. Now if the adviser is getting a cut of those commissions and not telling anyone about that, then he's withholding critical material info from his clients. That is most certainly deceptive and brings on liability under 17200, 17203 and 1750.