21.   A Texas day trader, Fred Moldofsky, was convicted of securities fraud in March of this year for posting the phony release.

22.   A. It certainly can be securities fraud.

23.   Brown, claiming securities fraud, misrepresentation, and breach of fiduciary duty.

24.   Brodsky represented many companies charged with securities fraud.

25.   But federal officials said they arrested Kantor and charged him with criminal securities fraud because the suspected insider trading was believed to be widespread.

26.   But foes of the act worried that it gave corporations a license to commit securities fraud, and that investors would have no recourse to recover their losses.

27.   But Jett did not commit securities fraud because, the judge said, he did not actually trade any securities.

28.   But Ms. White made clear in a statement issued Wednesday night that she considers security fraud to be her territory.

29.   But Ms. White made clear in a statement issued Wednesday night that she considers securities fraud to be her territory.

30.   But then Milken pleaded guilty to securities fraud and Drexel went bankrupt, dashing any hopes the workers might have had.