Saw this on CNN: Anonymous Stock tips over IRC as bad???

[Michael Froomkin]

On Mon, 3 Jun 1996, Perry E. Metzger wrote:

[...]
> Securities laws are extremely complex, extraordinarily broad, and
> subject to extremely flexible interpretation. I would suggest not
> attempting to skate a fine line near them -- the ice is very thin.

Damn good advice, if you ask me.

A. Michael Froomkin        | +1 (305) 284-4285; +1 (305) 284-6506 (fax)
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