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biosectinvestor

12/11/22 2:37 PM

#547475 RE: Fireman02360 #547472

It could also open up damages and a class action suit to be filed by individual investors who sold or traded shares during this period and incurred losses due to spoofing. Those might also add up substantially.

7longyears

12/11/22 3:07 PM

#547485 RE: Fireman02360 #547472

Summons are listed on Reddit as we speak.IT HAS BEGUN.

pqr

12/11/22 9:12 PM

#547597 RE: Fireman02360 #547472

Fireman - spoofing damages - for Non-Insider trading that violates Section 10b5 of the 1934 Act only lost profit damages (difference between sale price and hypothetical non-manipulated correct price) and consequential damages (brokerage fees and similar) are recoverable. For illegal insider trading including tipped trading on insider (non-public) information, treble damages are recoverable by statute tho i do not believe those are properly referred to as punitive since they are statutory.