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Posted On: 09/27/2023 3:38:56 PM
Post# of 148899
It's fraud if you knowingly submit an incomplete application IN ORDER TO FOOL SHAREHOLDERS so that you can sell your stock after it goes up on the news and before it plummets because the traders then learn that the BLA was incomplete -- which the SHAREHOLDERS had no way of knowing. Thus, shareholders were defrauded.
I think that is the SEC/DOJ issue -- trading on insider knowledge, not the incomplete submission itself.
However, knowingly submitting an incomplete application ought to be considered fraud, given that he signed the application while vouching for its correctness. I suppose perjury is probably the prosecutable offense.
Has anyone here seen the signature page for applications to the FDA? Serious question -- wondering what the wording is when vouching for its accuracy.
I think that is the SEC/DOJ issue -- trading on insider knowledge, not the incomplete submission itself.
However, knowingly submitting an incomplete application ought to be considered fraud, given that he signed the application while vouching for its correctness. I suppose perjury is probably the prosecutable offense.
Has anyone here seen the signature page for applications to the FDA? Serious question -- wondering what the wording is when vouching for its accuracy.
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