07-26-2013, 04:26 AM
We/IOC need to determine or help determine several things in this situation:
- Was SAC involved in shorting IOC?
- Was/is SAC involved in activities related to the shorting of IOC that violated securities or other laws?
- Would any such activities fall under the purview of the SEC or Federal prosecutors or both, as with the insider trading and other violations in this case?
- Depending on the above, what could be done to get the investigators and prosecutors to address these activities at SAC and others involved in them with SAC?
IMO, the relevant securities laws here would not be those on insider trading, but rather the provisions of the Securities and Exchange Act of 1934 on manipulating stock for personal gain by misleading investors, including through the use of libel and slander, illegal naked shorting, and possibly other law provisions I am not informed on about manipulation of stock through fraudulent trading activity. Also, what about organized crime or criminal conspiracy laws (am I stretching here)?
- Was SAC involved in shorting IOC?
- Was/is SAC involved in activities related to the shorting of IOC that violated securities or other laws?
- Would any such activities fall under the purview of the SEC or Federal prosecutors or both, as with the insider trading and other violations in this case?
- Depending on the above, what could be done to get the investigators and prosecutors to address these activities at SAC and others involved in them with SAC?
IMO, the relevant securities laws here would not be those on insider trading, but rather the provisions of the Securities and Exchange Act of 1934 on manipulating stock for personal gain by misleading investors, including through the use of libel and slander, illegal naked shorting, and possibly other law provisions I am not informed on about manipulation of stock through fraudulent trading activity. Also, what about organized crime or criminal conspiracy laws (am I stretching here)?