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Re: floridagrl25 post# 33450

Thursday, 10/31/2013 8:33:16 PM

Thursday, October 31, 2013 8:33:16 PM

Post# of 44232
Just go to pumpanddumps.com and review the PR's released by the companies on that list. Look for any factual information and then check to see what the SEC has done about it.

The answer is that in general the SEC does nothing about lies in PR's. It is almost never a black and white situation about what was intended or what is within reasonable distance of the truth. Exaggerations are par for the course.

Get caught lying in an SEC filing and the reaction tends to be reasonably swift. It is black and white. Exaggerations are simply not factually accurate and therefore perjury.

The thought that info contained in a PR is under SEC scrutiny is a joke.


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