World Surveillance Group Inc (fka WSGI)

[tradeforyourlife]

Nerd I do not know the specific language of the law that would provide the incriminating clause you want. I do know that one of the parties somewhere is liable in a case like this. So let's go through some situations using your version of the law.

Company discloses material, non-public information to a shareholder via e-mail:

a) Shareholder disseminates the info on internet message boards. Nobody trades on it. The company is not liable for selective disclosure of material information regardless that no one traded?

b) Shareholder disseminates the info on internet message boards. People beside the Shareholder trade on it. The company is not liable for selective disclosure of material information? Shareholder is not liable for transmitting information that he/she understood to be material, non-public thereby inducing people to act on it?

Company discloses material, non-public information to a shareholder via e-mail with agreed to Non-Disclosure:

a)Shareholder disseminates the info on internet message boards. Nobody trades on it. The Shareholder is not liable for spreading the material information in violation of NDA?

b) Shareholder disseminates the info on internet message boards. People beside the Shareholder trade on it. Shareholder is not liable for transmitting information that he/she understood to be material, non-public thereby inducing people to act on it?