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-   -   Legendary Lars breaking federal and local state laws (https://gfy.com/showthread.php?t=731684)

tiger 05-09-2007 11:35 AM

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

Dollarmansteve 05-09-2007 11:38 AM

Quote:

Originally Posted by MikeVega (Post 12398457)
That just reminded me that I'm due for Continuing Ed. I hate that shit but you have to do it.

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).

Karupted Charles 05-09-2007 11:42 AM

Quote:

Originally Posted by MikeVega (Post 12398457)
That just reminded me that I'm due for Continuing Ed. I hate that shit but you have to do it.

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.

baddog 05-09-2007 11:50 AM

Quote:

Originally Posted by Azoy? (Post 12397783)
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.

http://www.dopmagazin.com/elementi/2...l-yourself.jpg

g$$$ 05-09-2007 11:51 AM

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

Azoy? 05-09-2007 11:54 AM

Quote:

Originally Posted by baddog (Post 12398598)

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

jimthefiend 05-09-2007 12:02 PM

Shut. The. Fuck. Up. Moron.

baddog 05-09-2007 12:05 PM

Quote:

Originally Posted by Azoy? (Post 12398622)
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

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.

g$$$ 05-09-2007 12:06 PM

sig spot secured!

MikeVega 05-09-2007 12:07 PM

Quote:

Originally Posted by Karupted Charles (Post 12398542)
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.

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.

Azoy? 05-09-2007 12:22 PM

Quote:

Originally Posted by baddog (Post 12398681)
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.

very funny.
you must have thought a lot to come up with that line.
i can just see you "OH A THOUGHT. BING. LET ME TYPE THAT INTO GFY."
:321GFY

DaddyHalbucks 05-09-2007 12:26 PM

Buy Enron.

There.

You can arrest me too.

sicone 05-09-2007 12:34 PM

I just wanted to add this...

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

campimp 05-09-2007 12:34 PM

yeah, you really dont know what you are talking about on this one.

i write for AOLs finance page... you are allowed to write about anything you want, you just have to disclose if you own the stock or not, as many people have already pointed out

IllTestYourGirls 05-09-2007 12:37 PM

somone should start a thread so people can post where they find AFF ads on illegal sites so Lars can take care of them.

What do you think Lars good idea? :thumbsup

D 05-09-2007 12:43 PM

Regardless of how you interpret Lars' actions...

I'm not aware of any "local state laws" that deal with stock trades.

I'm pretty sure this is in the sole jurisdiction of the FTC.

So, unless I'm mistaken, that kinda shows right off that you really have no idea of what you speak, ya know...

JMM 05-09-2007 12:50 PM

Quote:

Originally Posted by D (Post 12398915)
Regardless of how you interpret Lars' actions...

I'm not aware of any "local state laws" that deal with stock trades.

I'm pretty sure this is in the sole jurisdiction of the FTC.

So, unless I'm mistaken, that kinda shows right off that you really have no idea of what you speak, ya know...

Quick..hit the edit button and change FTC to SEC

Deej 05-09-2007 12:50 PM

Quote:

Originally Posted by baddog (Post 12398681)
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.

Its true... He didnt know who I was up until I was his roommate...Then he still didnt quite know who or what i did until PHX....

board names and remarks obviously dont go into Baddogs 'lockbox'

http://www.prinzing.com/Images/lockbox_main_top.jpg

D 05-09-2007 12:51 PM

Quote:

Originally Posted by D (Post 12398915)
I'm pretty sure this is in the sole jurisdiction of the FTC.

Sorry, I mis-typed.

FTC and SEC*... or, more simply... 'The Federal Government'

The main point still applies, though.

D 05-09-2007 12:52 PM

Quote:

Originally Posted by JMM (Post 12398950)
Quick..hit the edit button and change FTC to SEC

Ha! :-)

My thoughts Exactly, but the button had already disappeared. :1orglaugh :1orglaugh

CDSmith 05-09-2007 12:59 PM

Quote:

Originally Posted by Dollarmansteve (Post 12398404)
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.

Giving advice in an official capacity like a broker is one thing (and I'm quite sure most of them have some sort of clause in their broker-client agreements that at least protect them to a degree), but some non-broker posting his OPINION on a public message board about stocks and investing isn't the same at all.

In fact it's not even close.

The original poster in this thread is clueless if he thinks people shouldn't be allowed to post their opinions, about investing or anything else. If someone chooses to act on that advice or opinion and loses money it's their own fault.

Azoy? 05-09-2007 01:03 PM

Quote:

Originally Posted by D (Post 12398915)
Regardless of how you interpret Lars' actions...

I'm not aware of any "local state laws" that deal with stock trades.

I'm pretty sure this is in the sole jurisdiction of the FTC.

So, unless I'm mistaken, that kinda shows right off that you really have no idea of what you speak, ya know...

actually asshole you have no idea what you are talking about as the FTC which is the federal trade commission doesn't deal with issues like this. What you are probably thinking of is the SEC which is the Securities Trading Commission.
and yes each state also monitor's securities regulation which is why investment advisors have to take state exams as well as the federal exams.
OWNED :321GFY

Dollarmansteve 05-09-2007 01:16 PM

Quote:

Originally Posted by CDSmith (Post 12399013)
Giving advice in an official capacity like a broker is one thing (and I'm quite sure most of them have some sort of clause in their broker-client agreements that at least protect them to a degree), but some non-broker posting his OPINION on a public message board about stocks and investing isn't the same at all.

In fact it's not even close.

The original poster in this thread is clueless if he thinks people shouldn't be allowed to post their opinions, about investing or anything else. If someone chooses to act on that advice or opinion and loses money it's their own fault.

You're right, it's not close - my original point was only that in the US someone can sue you for just about anything if they have the right mix of motivation and money.

D 05-09-2007 01:40 PM

Quote:

Originally Posted by Azoy? (Post 12399035)
actually asshole you have no idea what you are talking about as the FTC which is the federal trade commission doesn't deal with issues like this. What you are probably thinking of is the SEC which is the Securities Trading Commission.
and yes each state also monitor's securities regulation which is why investment advisors have to take state exams as well as the federal exams.
OWNED :321GFY

Ahh, you're right on the State Thing... didn't really think much of researching the topic earlier, but now I see you're right. I'm not much of a financial guy... hence why I never said my word on the subject was golden.... in fact, I inferred the opposite throughout my post.

As far as the FTC/SEC thing goes...

First off, read the rest of the thread's posts, smart guy.

Secondly I don't have time to prepare an essay on the thing, but, needless to say, the FTC was founded two decades before the SEC was (which wasn't brought about until after the Great Depression), and, technically, their jurisdictions overlap in the area of your claims. Read their charters.

"OWNED"? Ya... I got 'grown up' things to do now. Have a nice day.

aico 05-09-2007 01:44 PM

I am sorry, but what does any of this have to do with tits and ass?

Azoy? 05-09-2007 02:46 PM

Quote:

Originally Posted by D (Post 12399280)
Ahh, you're right on the State Thing... didn't really think much of researching the topic earlier, but now I see you're right. I'm not much of a financial guy... hence why I never said my word on the subject was golden.... in fact, I inferred the opposite throughout my post.

As far as the FTC/SEC thing goes...

First off, read the rest of the thread's posts, smart guy.

Secondly I don't have time to prepare an essay on the thing, but, needless to say, the FTC was founded two decades before the SEC was (which wasn't brought about until after the Great Depression), and, technically, their jurisdictions overlap in the area of your claims. Read their charters.

"OWNED"? Ya... I got 'grown up' things to do now. Have a nice day.

Technically you have no idea what you are talking about cause it's the SEC that brings up changes against people when they commit stock fraud not the FTC.
That being the case, technically you are stupid for trying to look smart.

g$$$ 05-09-2007 02:47 PM

Quote:

Originally Posted by aico (Post 12399318)
I am sorry, but what does any of this have to do with tits and ass?

:1orglaugh :1orglaugh :1orglaugh

GigoloMason 05-09-2007 03:12 PM

Quote:

Originally Posted by Azoy? (Post 12397783)
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.

People who need to jump off a cliff 101.

griffin 05-09-2007 03:41 PM

Buy AAPL.

will76 05-09-2007 05:15 PM

Quote:

Originally Posted by Mr.Sexbankroll (Post 12397818)
speaking of breaking laws.. isn't this slander?

and zango was his name-o.

Azoy? 05-09-2007 06:49 PM

it's funny how fast they forgot will76
a week ago they were all sticking it to Lars for using Zango now they all love him.
this is the guy who works for a company and is a partial owner of the same company that stole traffic from these affiliates using Zango
i guess they are all sending traffic again to AFF these days as they are all talk and forgot fast.h

will76 05-09-2007 07:55 PM

yes i leave for a week and most people forgive and forget. Some people need to be reminded each and ever day of who the bad people are. If someone doesn't remind them the bros will hypnotize them with free drinks and contest.

FakeNick 06-08-2007 07:52 PM

LOL you idiot


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