Replies to post #11437 on SEC Charges Eleven in Stock Manipulation Ring

[greedy__malone]

Phil wouldn't you be more inclined to believe the culpability would come from Matt's position as site admin as it relates to the presentation of knowingly false and misleading information that he profited from while overseeing the site?

The mere fact that he controlled the site and worked with companies to draft false/misleading PR's and coordinated that information with others on IHUB would be enough to show that his widespread control of the information cycle spread a false message across IHUB.

The fact that he was financially involved as well and profited handsomely from his actions certainly doesn't help any defense of his actions.

He gave in to greed knowing his power as site admin would guarantee success. He was able to direct the message and control the conversation. Looking back at the relevant time periods are there an abnormal number of deletions on any of those boards?

[Mr Wizard a1a]

"IMO you might have a case if you could prove that Matt or any other employee of ADVFN unfairly manipulated posts to allow only positive posts and not negative posts" I think you are right.

I think there are two points here-

1. whether Matt manipulated posting, either positive OR negative.

2. With TPC it is illegal to misuse the service - there are laws and TPC has NO role in filtering or deciding. As a matter of fact, they CAN NOT. They even need a court order to tap in except for maintence and repair. Because IH does filter and control content (even by the TOU) it acquires some responsibility. The TOU enforcement is SUBJECTIVE in many cases, which is why many posters object.

It is said IH has 30,000 posts a day and the few Admins can not possibly handle. I say it is the businesses responsibility to do an adequate job and should staff as necessary.

I also believe the TOU judgemnet is more about English than about stock. Perhaps IH should hire an outside independent company of out-of-work English profs to determine TOU violations. In this way, IH might kill two birds with one action. IH would no longer be involved in deletions and posters would have someone to explain the deletion and feel fairly treated by an independent group.

But what do I know?