Legendary Lars breaking federal and local state laws
 

Legendary Lars Stocks and him putting up information about stocks as well as what can be seen as investment advice is illigela unless he is registered as a signed investment adviser.
What he wrote as "I feel that the brand is under priced and I know that many people are interested in buying this company it will eventually get taken out or taken public. There is too much money floating around for it not to be."
This can be seen by the SEC as well as local state investment regulators as investment advice.
At one point he even goes to say "Now I just need to get PLA rocking , I have a feeling we will see 14 before we see 9" and
"Ok people here is my next fun time I am accumulating PRVT at 2 bucks anyway I think this is similar to playboy has been beaten down upside 4 bucks dowside 1.50"
this thread ---> http://www.gfy.com/fucking-around-and-business-discussion/719266-legendary-lars-stocks.html
Should actually be taken down.
Then again I guess there is no money in AFF anymore as memberships went down due to Zango not stealing traffic for them so he's become a stock pusher.

I believe he was a stock broker at one point and I also believe friends giving friends advice (tips) is not an issue.

you are an idiot. please kill yourself.

:1orglaugh :1orglaugh :1orglaugh

it is when it is read by many.
friend is me talking to you one on one not putting it on a public boards where even people that you don't know and that don't know you read it and take the advice.
oh and your stock broker license don't renew unless you are in the business having a stock broker who is also registered with regulators renew it for you :thumbsup

please quit posting

speaking of breaking laws.. isn't this slander?

Legendary Lars is only guilty of making money hand over fist.

i want to learn to make that kind of money as well.

so i enjoy all his stock pick postings...keep em coming man

Please go away. Thank you.

whine some fucking more

When will you guys comment on the zango threads about you? And how you lied about it?

Are you kidding me? It is not against the law to express your opinion on stocks.

I actually like Lars' advice and appreciate it.

#1 advertise on content theft sites..,
#2 pay a company to steal your affiliates revenue
#3. buy ad spots and iframes so you can override other sponsors ref codes

done and done

I am not suggesting anyone buy any stocks. I am just expessing my own trades and what I like no one should take my stock yammering as investment advice.

This might go down as the dumbest thread ever, I really think you should think about killing yourself... :pimp

I think all that was being pointed out, is that if someone read the posts, bought some stock, lost a whole bunch of money... it wouldn't be hard for a lawyer to find some basis for a lawsuit. The United States is the most litigious society on the planet, so.. it wouldnt be a stretch.

are you 5 years old?

I'm no lawyer but I'm pretty certain that the "you're on your own" rule applies when you take someone's so-called "stock tips" or investment advice and then you proceed to lose your shirt.

Otherwise stock brokers would be getting sued left and right all the time. No one would dare utter any investment advice ever for fear of your lawsuit theory.

Nope, I don't see where Lars fucked up on this one at all.


But this however....

...is a different story.

Kinda wishing you never made this thread now, aren't you? :1orglaugh

I am giving free stock advice.

check out woofyscarnival.com meow meow

best stocks are cat food and woof biscuits now.

make it happen

take this advice to the banks.

I have my Series 7, Series 66 and Series 31 Licenses. It is not against SEC regulations to give tips to people online. Look at all of the Yahoo Finance message boards...and these are coming from people without Licenses. If you make money (aka work for an investment firm like ML, MS, Smith Barney, etc.) and give advice to professional clients, then YES you do need a license. Either way, you also need to disclose what your holdings are if you are making recommendations. Hope this helps.

:2 cents: :2 cents:

Pretty sure what Lars posted is legal - it's up to the buyer to beware.

The only thing you need to be careful about is a pump and dump scam...

ADG

Congrats for making the stupidest post I've ever read on GFY.

Wow, just when I think people couldnt be more clueless, someone comes out and makes a post like this. There is no coming back from a post this stupid. Change your nick and start over.

If you're so convinced you're right, go ahead and turn him in to the authorities.

so fucking weak.

Hey .. I still have an active 7 / 63 and 24 ... :thumbsup I've had it for years and my wife also .. she was a compliance officer and said something similar to what you said .. You need to disclose if you are being paid to say it or if you own it.

I think mine's going to expire soon...like 2 or 3 years before it expires... whats 24? 33 is commodities...i have the life and health too..did u get that one?

it's GFY and it's drama and all of you love it :1orglaugh
get a life people :321GFY

I still have mine at a firm and run a few accounts for family. once you leave a firm you have 2 years to register with another before it expires and you have to retake the test. the 24 is to manage the other brokers . You make a lot more money because you have brokers under you but at the same time if they fuck up you go to jail with them ...:(

Excellent...I think our branch manager at a 24...(well ..he MUST have had one)...do you trade options for your family?

I love armchair lawyers

I used to be a stockbroker and worked at one of the large canadian firms - and stockbrokers do get sued left right and centre.

There is more continuing education requirements related to legal issues / ethics than any other component in being a broker. It's not so bad in a bull market, but back in 2000 /2001 (when i was working) almost every single broker had pending litigation - either personally or through the branch / firm.

hehe forgot all about that. Hit me up if you want to update it for xbiz for this year.

I used to trade Options all day when i was really active. right now the accounts i have are not very active. I mainly have them to keep my license active.

I was talking with the wife the other day about starting to trade options for myself again. For some reason a lot of brokers don't understand Options well enough to feel good about trading them. I've always loved the concept

That just reminded me that I'm due for Continuing Ed. I hate that shit but you have to do it.

:1orglaugh :1orglaugh :1orglaugh :1orglaugh :1orglaugh

OWNED!

I suppose all the Yahoo forum discussion groups on stocks are illegal too. I say send them all to jail!!!!!!!!!!!!!!!!!!!!
WG

You should be banned for the utter stupidity of this thread.

Everyone hates it.. :1orglaugh

And up here I would say that most branches of most firms are farm more concerned about gross commissions than whether their brokers actually undertand their CE - this leads to apathy and thus to lawsuits.

Where I used to work people only did their CE requirements at the last second and lied/cheated/stole as much as possible to pass, it wasnt required that they actually understand anything, only that they got the piece of paper from the regulator so they could continue to churn and burn.

In a risk-reward scenario, the branch's reward from generating the commissions was far greater than the cost of the lawsuits that would result.

I maintain to this day that although people may judge the morals of the adult industry on a sliding scale, our industry maintains a much higher standard of ethics than the stock trading business. If anyone thinks our industry is unethical, I say go work at a brokerage house for 1 week if you want to see what unethical business practices really look like - I don't mean some shady boiler room, I mean any top firm (In canada, the firms of the top 5 big banks).

Cont'ED does suck. Does an 8 supersede the 24 or do you need the 24 to get the 8 I can't remember.

Actually when I first read this (stupid as it may be) I was thinking he is right. You can't give public advice on stocks unless your registered. Then again I never did spend much time on the compliance side.

never heard of an 8..i know theres a 6...but the 6/7/8 would come before the 24

someone's a little PMSing today or was it cause I told you to wake up the other day on that other post so you trying to come back ?
shave your beard and look like a real man convict :1orglaugh

Shut. The. Fuck. Up. Moron.

You must give yourself a lot of credit if you think I remember some post made by you, directed at me.

As far as being able to grow a beard, one day you will start seeing hair grow in places you did not expect. Don't worry, you are just entering puberty.

sig spot secured!

I'm not 100% but i think the 24 is above the 8 but to be honest i don't recall what the 8 covers.

The main reason i think Lars is ok is because he always discloses that he owns some or is thinking of buying some. then says you should take a look at it. ( kinda like look and do your own research before buying) and I'm pretty sure he's not being paid cash or stock to promote. if he was and didn't disclose it then he would have an issue.