Replies to post #30505 on Deep Blue Marine (DPBE)

[scambuster2]

First of all, standard remedies matter because they provide context to any questions of interpretation of any existing judgment.

Second, it is quite inconceivable that Wilf would be barred from offering stock in the company but be permitted to raise capital from investors in some other format because the Anti-Fraud provisions of the Securities Exchange Act of 1934 would still apply. Therefore, you are arguing that SEC believes that Wilf would lie to potential investors when selling more stock but that Wilf could be trusted to tell the truth if he were selling bonds? Does that really seem reasonable??

Whether you're selling common stock, preferred stock, bonds, or borrowing money from a bank, you cannot make intentional misstatements of material fact in order to induce the other person into the transaction.