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Folks, there's absolutely nothing illegal in what the doctor did.
First of all, insiders, generally corporate officers and directors, may trade. They simply have to report their trading.
Secondly, a doctor who uses a product and is impressed with it has not received insider information. Insider information generally refers to information provided in confidence by an officer, director or, in rare cases, an informed employee of a company. And, in fact, officers and directors may trade on their knowledge as long as they do not do so in breach of their fiduciary responsibility to shareholders and as long as they report their trades.
Third, this has nothing to do with the Equity Funding case. That case was about the duty of *an analyst* to publicly release very important information regarding the state of a certain company. It has nothing to do with the doctor's publication of his thoughts to this list.
Finally, there is absolutely nothing illegal about stating an opinion on a stock or on any other market in a public forum such as this.
The Mad Man (TM)
---- you wrote:
>
> Many apparently missed Robert's point. This was not simply the Doctor's opinion.
> It was his opinion - based on information that had not been publicly released. The
> distribution of such data *and* any action taken by those receiving the data is
> unlawful. In the original Equity Funding case it was the analyst of a major
> brokerage firm who analyzed financial data from the company and deduced that Equity
> Funding was a fraud. He withheld the data from all but a few of his institutional
> clients, rather than preparing a research report for general distribuion. They
> bailed. Equity Funding folded. The analyst was drawn and quartered.
>
> It could happen to you. Be careful out there.
>
> Jim
> ____________________
> Sentinel Trading wrote:
>
> > If the Doctor wants to share a stock tip so what, it is not spam nor unlawful,
> > nor should it be unless he his violating insider trading rules.
> >
>
>
>
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