Replies to post #4505 on Avalon Technology Grp (fka AVLN)

[Jim Bishop]

So what was the point in posting that case?

"Respondents distributed direct-mail promotional literature through two publishers in 1994 and 1995 and directly in 1995. The Promotions misrepresented the profits and rates of return generated by Arnold's trading pursuant to PPS and failed to disclose that many of the representations concerning the performance of PPS were based on hypothetical trading of PPS rather than actual trading . Respondents' direct Promotion and the Systems USA publication also failed to disclose that many of the representations concerning the performance of PPS were based on hypothetical trading and further failed to provide the warning regarding the limitations of hypothetical trading required by Section 4.41(b) of the Regulations ."