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Re: Psionic Trader post# 653

Tuesday, 05/08/2012 9:32:58 PM

Tuesday, May 08, 2012 9:32:58 PM

Post# of 770
I agree. It only says that they own shares in ECDC.

If a person is sending a notice of what they think is a "hot" stock and not specifically declaring that it is a "must" investment, then they do not have to be licensed.

Many registered broker/dealers send letters of recommendations and the people that prepare such letters are licensed. Those notices will, usually at the end of the letter, show a full disclosure of how they obtained the material and if the brokerage firm either holds a position in the company or has been paid to prepare and distribute the newsletter

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