Nor the nasty, unkind words from his former 'suppo
Post# of 148110
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Nor the nasty, unkind words from his former 'supporters' come anywhere near proof of anything, let alone a crime.
Nader had Kazempour file an incomplete BLA knowing it was incomplete. This has been admitted by Nader. He then sold shares after knowingly making false statements. Which is a matter of public record. Tell me how that isn't a violation of the law?
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§ 240.10b–5 Employment of manipulative and deceptive devices.
It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce, or of the mails or of any facility of any national securities exchange,
(a) To employ any device, scheme, or artifice to defraud,
(b) To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the
light of the circumstances under which they were made, not misleading, or
(c) To engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person,
in connection with the purchase or sale of any security.
§ 240.10b5–1 Trading ‘‘on the basis of’’ material nonpublic information in insider trading cases.
PRELIMINARY NOTE TO §240.10b5–1: This provision defines when a purchase or sale constitutes trading ‘‘on the basis of’’ material nonpublic information in insider trading cases brought under Section 10(b) of the Act and Rule 10b–5 thereunder. The law of insider
trading is otherwise defined by judicial opinions construing Rule 10b–5, and Rule 10b5–1 does not modify the scope of insider trading law in any other respect.
(a) General. The ‘‘manipulative and deceptive devices’’ prohibited by Section 10(b) of the Act (15 U.S.C. 78j) and §240.10b–5 thereunder include, among other things, the purchase or sale of a security of any issuer, on the basis of material nonpublic information about that security or issuer, in breach of a duty of trust or confidence that is owed directly, indirectly, or derivatively, to the issuer of that security or the shareholders of that issuer, or to any other person who is the source of the material nonpublic information.
https://www.govinfo.gov/content/pkg/CFR-2014-...-10b-5.pdf