Fri, Jul 11, 2014, 5:16 AM EDT - U.S. Markets open in 4 hrs 14 mins

Recent

% | $
Quotes you view appear here for quick access.

Synacor, Inc. (SYNC) Message Board

  • eagle.legal18@rocketmail.com eagle.legal18 Sep 7, 2012 4:54 AM Flag

    ***Did Lebed and Adams Scalp You?, Let's Vote***

    Scalping in this sense, more commonly known as "front running", is the practice of purchasing a security for one's own account shortly before recommending that security for long-term investment and then immediately selling the security at a profit upon the rise in the market price following the recommendation. The Supreme Court of the United States has ruled that scalping by an investment adviser operates as a fraud or deceit upon any client or prospective client and is a violation of the Investment Advisers Act of 1940. The prohibition on scalping has been applied against persons who are not registered investment advisers, and it has been ruled that scalping is also a violation of Rule 10b-5 under the Securities Exchange Act of 1934 if the scalper has a relationship of trust and confidence with the persons to whom the recommendation is made. The Securities and Exchange Commission has stated that it is committed to stamping out scalping schemes. Scalping differs from pumping and dumping which does not involve a relationship of trust and confidence between the fraudster and his victims.

    Is the SEC doing a good job, yes or no? Post your votes...

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
SYNC
2.47-0.04(-1.59%)Jul 10 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.