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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Caroline who wrote (1105)	12/19/1998 5:16:00 PM
From: nihil	Read Replies (1) \| Respond to of 122087

re: misrepresentation and deceit Anyone who injures another by lying or even innocently misrepresenting any material fact is liable for damages. Thus, a broker who lies about his interest in a security to a prospective customer is liable. I always ask a broker pushing a stock at me about his holdings -- "How much do you (and your firm) own? Have you (or your firm) sold any of this stock in the last 2 weeks? Does your firm underwrite them, etc." I ask an unknown cold caller where he got my name. What his personal net worth is. How long he has been in the business? I tell him I have enough brokers, but I will be glad to hear what he has in mind and will consider investing in it. If it turns out to make money, I may get back to him. By now he knows he is wasting his time, and he cuts out. Or, if he doesn't, I will keep talking and cut myself off. Most brokers, I believe, record all calls between rr's and customers. In my state, it is legal for a party to record a telephone (or other) conversation, so I always record such conversations, orders, etc. I rarely buy anything touted by a broker, but I will come down on them like the wrath of God if I am deceived. But then, I have a lot of time to waste myself.