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biosectinvestor

11/17/21 5:31 PM

#418612 RE: JerryCampbell #418608

I do not need to do it. Maybe you do. The victims are the buyers in the market who may rely on social media posts by highly regarded traders to decide what to buy, and that is the implication of the post. The SEC does not like manipulation of any sort combined with transactions going the opposite direction.

Another victim would be anyone who overpaid during that day even if they were not aware, because other persons may have bought and kept the price higher than it would have been otherwise. Manipulation of the market…basically it is a financial crime someone would be alleging, and that would not be good to allege speculatively.

As for the point, you actually quite literally miss my point. My point is not that he actually committed securities fraud. My point is that allegations of such things are very serious and they have consequences. And truth is not a defense in this context because there likely is no truth to such speculation first of all, but also such a person would not be allowed to speculate to create a pretense on being served, to then investigate. You’d likely have to have known, legally, at the time it was said.
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exwannabe

11/17/21 5:37 PM

#418615 RE: JerryCampbell #418608

Look up the elements of securities fraud as a crime.

Who is relying on the information? Where is the economic loss? Who is the victim?


Forget the technical legalities. People advertise and sell at the same time every day.

Is it fraud for Home Depot to advertise a chain saw so they cam sell it?

In the stock market it is very common for people to be advertising the stock they are selling.

Further, Bigger could truly believe the stock could be a good lottery ticket but still be selling common off while holding warrants.