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thanks baseerahmed. much more clearer now.
Regardless of the type of online forum, lawyer Vijai Parwani, from law firm Parwani and Company, said, people should not assume they can say anything in the cyber world without assuming responsibility just because they hide behind pseudonyms.
"One should independently verify the source of the information and not post something that may be hearsay many times over," he said. In order not to fall afoul of the law, the lawyer added, the simple rule is: "If you can't confirm it, don't post it."
nono1975:
the answer is obvious ...
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when u are with a group of friends crossing the road, how do u cross the road ? do u just follow the crowd .. or do u sub-consiously look at the traffic lights, the flow of the traffic , look to the right , look to the left ..make ur own judgement based on ur own strenghts and weakness ....?
: )
If jail got internet access to trade then not so bad.
Just joking.
sorry pl advice. what do u mean by ''On the flip side, it is also important not to base your trading PURELY on forum-talk''
A good and timely warning for everyone. Post when you have facts (TA or FA) to back it up.
On the flip side, it is also important not to base your trading PURELY on forum-talk. That is really just asking for trouble.
Making false and irresponsible comments about the financial market can get you jailed. Or at least face lawsuits.
This will prevent some people from doing so. No wonder some of them have gone quiet.
well done
Nice move by the authorities. Do not let all these people wreck our markets
Reckless talk that could get you jailed
Stock-market punters be warned: Making false and irresponsible comments about the financial market can get you jailed.
Against the backdrop of a volatile stock market sensitive to rumours and careless speculation, Singapore's Court of Appeal yesterday sent out this strong warning as a former stock trader was jailed for six months for spreading rumours about a listed company on an online forum. In his written judgment, Justice V K Rajah said Able Wang Ziyi, 42, had "gone beyond mere recklessness" by posting on Shareinvestor.com, a subscription-based financial portal, that listed company Datacraft Asia Limited had been raided by the Commercial Affairs Department in 2004. Wang "must have known" that the information was "false and misleading", the judge added. On the same day Wang posted the false allegations, Datacraft's share price dropped US$0.10 at closing. Describing the stability of the financial market as a "delicately-balanced spinning gyroscope", the judge said all market players must ensure the information they disclose is adequate and accurate. False online postings must be "strictly sanctioned", Justice Rajah said, because such information is today readily accessible by lay investors and the potential harm can be "enormous and devastating". Under the Securities and Futures Act, Wang could have been fined up to $250,000, jailed up to seven years, or both.