Home > Boards > Free Zone > Penny Trading - Technical > .00 stocks with high volume breakout above 50 day ma

The exchanges assert that the foregoing allegations are

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (7) | Next 10 | Previous | Next
The Apostle Member Profile
Member Level 
Followed By 2,710
Posts 48,601
Boards Moderated 8
Alias Born 11/08/12
160x600 placeholder
The Apostle Member Level  Wednesday, 12/12/18 07:30:04 PM
Re: None
Post # of 35997 
The exchanges assert that the foregoing allegations are insufficient because the plaintiffs do not allege that the exchanges themselves engaged in any manipulative “trading activity.”  The exchanges do not cite, and we are not aware of, any authority explicitly stating that such a claim must concern a defendant’s trading activity.  Instead, § 10(b) and Rule 10b-22 prohibit “all fraudulent schemes in connection with the purchase or sale of securities,” including schemes that consist of manipulative or deceptive “market activity.” 




https://www.google.com/amp/s/www.bloomberg.com/amp/opinion/articles/2017-12-20/you-don-t-need-to-trade-securities-to-commit-securities-fraud#ampshare=https://www.bloomberg.com/opinion/articles/2017-12-20/you-don-t-need-to-trade-securities-to-commit-securities-fraud


It's time.

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (7) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist