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knowlesmsncom

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knowlesmsncom

Re: hitechwatcher post# 319

Monday, 05/12/2008 10:14:33 AM

Monday, May 12, 2008 10:14:33 AM

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So far the SEC doesn't agree......

with you. Find more proof to back you your over inflated numbers and false accusations, but you can’t because there are none.

"Washington, D.C., April 24, 2008 - The Securities and Exchange Commission today charged Paul S. Berliner, a Wall Street trader formerly associated with Schottenfeld Group LLC, with securities fraud and market manipulation for intentionally spreading false rumors about The Blackstone Group's acquisition of Alliance Data Systems (ADS) while selling ADS short."

http://www.sec.gov/news/press/2008/2008-64.htm

Since the collapse or Bear Sterns, shorters are closely being watched. And Yes, spreading false rumor is punishable shorting is not!

Stock Fraud - SECURITIES EXCHANGE ACT OF 1934
Rule 10b-5 http://www.law.uc.edu/CCL/34ActRls/rule10b-5.html
Section 9 http://www.law.uc.edu/CCL/34Act/sec9.html
Section 17 http://www.law.uc.edu/CCL/33Act/sec17.html

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