Replies to post #45118 on DD Support Board and Research Team

[janice shell]

Lowe contended that he wasn't working as an "investment adviser". The SEC does regulate investment advisers. the Court held that investment advisers must work "personally" with their clients. Lowe didn't; he just sent out a newsletter on a regular basis. Publishing at "regular intervals" appears to be one of the criteria that led the Court to decide in his favor.

The SEC was furious about the decision.