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To: satchmo who wrote (2910)3/18/1998 12:22:00 PM
From: ENOTS  Respond to of 21142
 
Great post...I would take a dollar for everyone that got away and he can have a hundred for every one that even gets close to a jail.. so funny,,, soooo funny!!!!I love it...INSIDER TRADING< WHAT IS IT!
Is it like porno, I know it when I see it, or what!For example the next merger, or big news announcement made by some company go check the option play prior to the info coming out!suprise!!!! huge volume, they are all sooooo LUCKY......Right!



To: satchmo who wrote (2910)3/18/1998 1:02:00 PM
From: Arthur Tang  Respond to of 21142
 
Thank you, Satchmo and ENOTS. You are inclined to think insider trading is just that. The evidence of insider trading, for public corporations, violating any laws, are very few. The violations are generally in the investment banking firms, where small employees get caught. Where price movements are decided, ahead of time due to mergers or acquisition that the investment bankers got big fees. Evidence to be submitted may be not enough according to the law to convict any one. Next time report to FBI or just your local police, so they can catch them in the act. In America, any one who complained gets the officials shaken. But remember the justice in America is that the accuser gets hurt (time and reputation) as well as the one being accused.



To: satchmo who wrote (2910)3/18/1998 1:21:00 PM
From: Christiaan McDonald  Read Replies (1) | Respond to of 21142
 
I got burned by a stock that the CEO had been fabricating the
numbers for more than a year. The SEC investigated and you know
what he got? Absolutely nothing. He walked away with no charges
and with severance pay even though it was a cut and dried case.
The stockholders lost everything, he walked away with money in his
pocket and is probably cooking up something else right now. I have absolutely no use for the SEC.