22july2013

I was wondering what laws may apply to people who "pump and dump", and I found this on the Internet. I'm not saying that Musk is guilty. I have no idea. In fact, Twitter itself could be guilty of one of these laws. In addition to all these laws, there's also the question of "contract violation" which would have to be resolved in civil court, or be settled out of court.

There are a variety of laws that make pump and dump illegal including:

• Section 17(A) of the Securities Act of 1933: The Securities Act prohibits anyone involved in selling or offering securities to participate in a scheme to defraud. Section 17(A) specifically criminalizes making material misstatements, omitting material facts, or otherwise participating in a scheme to defraud potential purchasers of securities.

• Rule 10b-5 of the Securities Exchange Act of 1934: The Securities Exchange Act broadly prohibits any fraud, material misstatements, or material omissions in connection with the purchase or sale of securities.

• 18 U.S. Code Section 1343: This wire fraud statute criminalizes any fraud scheme that uses wire, radio, or television communications. If the Internet is used as part of a pump and dump scheme or if faxes are sent out to pump a stock, you can be charged with this offense.

• 18 U.S. Code Section 1341: This statute broadly prohibits fraud and swindles, including fraud schemes using the postal service. If false reports about the company or other marketing materials were sent via mail, you may be charged with postal fraud.

AppleInsider said:

Levoff was meant to be in charge of enforcing a blackout period that would prevent people with such knowledge from buying or selling stock ahead of disclosure, but instead, he allegedly benefited by securing profits worth approximately $227,000 and avoided losses of $377,000.
Levoff's sentencing is scheduled for November 10. He could face a maximum penalty of up to 120 years in prison and up to $30 million in fines.

sflocal said:

MasterBathingBear said:

Same price as Studio Display but 5” bigger screen, higher resolution camera, height adjustable stand, supports daisy chaining monitors, and has a wider variety of ports so that it could be your docking station. 

It just depends on your use case which one will actually be better for you. 

5" larger, but 4K so a far lower PPI.  No thanks, I'd rather have the better construction, quality, and reliability of Apple's version - for the same price.