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Idunno

03/05/23 3:15 PM

#573430 RE: Poor Man - #573422

Pm,

It’s ok to be frustrated with all sort of things. To include management decisions. And to disagree. And or think you could do better. Fine. Voice it.

But it’s hard to see how you want to minimize likely criminal behavior(s) that, if you’re an investor, have very much hurt you. And that doesn’t begin to scratch the surface as to so many others, hurt, in so many many ways.

I, for one, am so impressed with LP for having the intestinal fortitude to do the right thing.

Not many people do. Very few CEO’s have.

Anyway. I wish you the best. Didn’t see you at the National Gallery.

It was a nice day.
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improving

03/05/23 4:50 PM

#573450 RE: Poor Man - #573422

Poor Man, I would expect to see a series of amended complaint(s) as discovery proceeds.
I would not be surprised to see a negligence cause of action for failure to properly supervise employees.

Firms also have a duty to detect customers' manipulative behavior wherein groups of its customers have acted in concert to manipulate a stock. Firms simply can't say "we have no responsibility here because we were simply filling customer orders." Both of these actions are subject to FINRA rules. And failure to detect red flags of customer behavior has been applied in situations where groups of customers have repeatedly acted in concert to manipulate the price of a security, very often a microcap security. So, I would expect a negligence cause of action for one or both as discovery proceeds. Should be interesting.
Unfortunately, I believe the resolution of this litigation is years away.
Three Amigos??? How about "The Sting".
Regards.