Stock Manipulator, SEC Nemesis -- and 15 (2001)

http://www.nytimes.com/2001/02/25/magazine/25STOCK-TRADER.html?pagewanted=all&pagewanted=print

by cubix • 16 years ago

39 10 16 years ago

fname• 16 years ago

...and still picks stocks for a living http://www.lebed.biz/

flipbrad2• 16 years ago

Ho-ho-ho: "Lebed.biz/Jonathan Lebed is not a registered investment advisor or a broker / dealer. Lebed.biz/Jonathan Lebed does not recommend whether to buy, sell, or hold securities. All opinions expressed by Lebed.biz/Jonathan Lebed are not a solicitation to buy, sell, or hold securities. "

flipbrad2• 16 years ago

"But weren't you scared to trade again?" "No." "This thing with the S.E.C. didn't even make you a little nervous?" "No." "No?" "Why should it?"

Tichy2• 16 years ago

Could somebody summarize why what he did was illegal? I gave up after ~1.5 pages. If all he did was to give stock trading advice under false names, is that really illegal? I am actually surprised.

ig13• 16 years ago

You're not allowed to spread rumours you know to be untrue or create a false impression of trading activity for the purpose of manipulating share prices.

hyperbovine• 16 years ago

Much further in you are informed that this is basically what all of Wall Street does.

Tichy2• 16 years ago

But as long as you don't know that they are untrue, you are allowed to say whatever you want? otherwise all those Apple bloggers might be on dangerous grounds.

bombarolo• 16 years ago

Should I mention Goldman Sachs story here?

Stock Manipulator, SEC Nemesis -- and 15 (2001)

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