Can press release make fortune?

Discussion in 'Stocks' started by Self-researcher, Jan 28, 2007.

  1. Hi there!
    I want to start investing, so I have read some books about the stocks, and even topic for new traders on the ET forum. But I wanna make clear one thing that I have found.
    Last year small investment company from small country made "at least $7.8 million in illegal profits"
    They used press releases before their public issue to buy or sell stocks, and made a untold wealth

    "The SEC said the defendants, LHV and its employees Oliver Peek and Kristjan Lepik, stole and traded in advance more than 360 confidential press releases issued by more than 200 U.S. public companies. "

    I wonder, if this information is so valuable that one can make millions
    Please explain, I am just a newbie.
  2. I don't know about LHV but my first impression!!!!!!!!!!!

    Sounds like the Senate.