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To: 1stMarylandRegiment

Martha Stewart is doing time for a bad transaction that is a fraction of Redstone's deal.

Joe SI\ixpack will be able to understand it, and that's what counts in MSMville when the DAs get out their knives.


115 posted on 09/21/2004 12:07:54 AM PDT by Travis McGee (----- www.EnemiesForeignAndDomestic.com -----)
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To: Travis McGee
Martha Stewart is doing time for a bad transaction that is a fraction of Redstone's deal.

Martha Stewart sold in the open market and lied about it, and was never convicted for making the sale - she was convicted for obstruction of justice - for the lie.

Never believe the NYSE cannot monitor every single transaction that occurs evey single day in every single security in every single brokerage account in the country. As a Series 7 Regisered Representative I live that fact daily.

A Rule 144 sale must be approved in advance as a Registration for Public Trading of previously unregistered shares. Registration means the regulatory bodies are informed.

No doubt the investing (or paper-reading) public will be falsely outraged over this, but legally it can go nowhere.

123 posted on 09/21/2004 12:22:20 AM PDT by 1stMarylandRegiment (CBS Boycott day 011)
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