Replies to post #61558 on Baron Capital Enterprise Inc (BCAP)

[Crazy Money]

Ryan Wiggins Member Level

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Monday, October 10, 2011 10:02:38 PM
Re: None
Post # of 61560
Securities and Exchange Act of 1934 Section 9 -

I think a few need a reminder.

It is illegal to manipulate a stock by the spreading of false or misleading information for the purpose of personal gain, for example to spread misleading information for the purpose to weaken the share price and induce others into selling. Calling a stock a scam without providing evidence, calling executives criminals, or any other similar acts for the purpose of buying stock at a cheaper price


http://www.sec.gov/about/laws/sea34.pdf

PROHIBITION AGAINST MANIPULATION OF SECURITY PRICES

Quote:SEC. 9. (a)

It shall be unlawful for any person, directly or indi­rectly, by the use of the mails or any means or instrumentality of interstate commerce, or of any facility of any national securities ex­ change, or for any member of a national securities exchange—

(3) If a dealer, broker, security-based swap dealer, major secu­
rity-based swap participant, or other person selling or offering for sale or purchasing or offering to purchase the security, a securitybased swap, or a security-based swap agreement with respect to such security, to induce the purchase or sale of any security other than a government security, any security not so registered, any se­curity-based swap, or any security-based swap agreement with re­spect to such security by the circulation or dissemination in the or­dinary course of business of information to the effect that the price of any such security will or is likely to rise or fall because of mar­ket operations of any 1 or more persons conducted for the purpose of raising or depressing the price of such security.

[Red_Wolf]

Just remember that goes both ways. Those bullish on a stock need to be very careful in their attempts to influence a rise in PPS as well.

Just Sayin