This is what I was referring to, you idiot, not his recent appeal of a later court decision. Why not read and think before you post your crap. from Wiki (underlining is mine.) Société Générale insider trade In 1988, Soros was contacted by a French financier named Georges Pébereau who asked him to participate in an effort to assemble a group of investors to purchase a large number of shares in Société Générale, a leading French bank that was part of a privatization program (something instituted by the new government under Jacques Chirac).[63] Soros eventually decided against participating in the group effort opting to personally move forward with his strategy of accumulating shares in four French companies: Société Générale, as well as Suez, Paribas, and the Compagnie Générale d'Électricité. In 1989, the Commission des Opérations de Bourse (COB—the French stock exchange regulatory authority) conducted an investigation of whether Soros's transaction in Société Générale should be considered insider trading. Soros had received no information from the Société Générale and had no insider knowledge of the business, but he did possess knowledge that a group of investors was planning a takeover attempt. Initial investigations found Soros innocent and no charges were brought forward,[64] however, the case was reopened a few years later and the French Supreme Court confirmed the conviction on June 14, 2006,[65] but reduced the penalty to €940,000.[65] Soros denied any wrongdoing, saying news of the takeover was public knowledge[66] and it was documented that his intent to acquire shares of the company predated his own awareness of the takeover.[65] In December 2006 he appealed to the European Court of Human Rights on various grounds including that the 14-year delay in bringing the case to trial precluded a fair hearing.[67] On the basis of Article 7 of the European Convention on Human Rights, stating that no person may be punished for an act that was not a criminal offense at the time that it was committed, the court agreed to hear the appeal.[68] In October 2011, the court rejected his appeal in a 4–3 decision, saying that Soros had been aware of the risk of breaking insider trading laws.[69] .I will add that Soros had already in 1987 decided to began acquiring stock in the companies in part because it was public knowledge that they were part of a privatization program. He was able to document that his decision to acquire stock in these companies predated his being contacted by the investor in 1988 that was planning a takeover. After he was cleared of all charges by the French Regulator, the French law was changed. The case, when it was reopened later, was highly political in nature.
You have it exactly right. You will note that all of this Soros crap is posted by people on the radical right and conspiracy lunatics. They have sworn a vendetta against Soros because he is actually doing something that scares the daylights out of them. He is putting his money where his mouth is behind liberal causes, and in fighting totalitarianism around the world. I am a libertarian, and people like Soros are heroes to me. Two of his books the "Alchemy of Finance" and the "Soros Lectures at the Central European University" I personally found extremely useful. In fact, I've made a lot of money, and avoided losses just because of these two books! Not so much to do with short term trading, but a lot to do with the nature of markets and the factors that affect them, how and why. And another thing I've learned is that these people that are attacking him haven't a clue. It is annoying to see such nonsense posted. I respond to it mainly out of gratitude for the insight Soros has shared through his writing.
try reading again you lying douchebag. see the red thing just after where you got your argument... "initial investigations found soros innocent and no charges were brought forward". click on the red thing. Educated people know them as footnotes. go ahead click on it... read footnote 64... "Smith, Heather (October 4, 2011). "Soros Insider-Trading Conviction Reviewed by Human Rights Court". Bloomberg Businessweek. Retrieved October 12, 2011." A Human rights court. what a laugh... it would be even funnier if you were not such a deceitful lefty. Société Générale insider trade In 1988, Soros was contacted by a French financier named Georges Pébereau who asked him to participate in an effort to assemble a group of investors to purchase a large number of shares in Société Générale, a leading French bank that was part of a privatization program (something instituted by the new government under Jacques Chirac).[63] Soros eventually decided against participating in the group effort opting to personally move forward with his strategy of accumulating shares in four French companies: Société Générale, as well as Suez, Paribas, and the Compagnie Générale d'Électricité. In 1989, the Commission des Opérations de Bourse (COB—the French stock exchange regulatory authority) conducted an investigation of whether Soros's transaction in Société Générale should be considered insider trading. Soros had received no information from the Société Générale and had no insider knowledge of the business, but he did possess knowledge that a group of investors was planning a takeover attempt. Initial investigations found Soros innocent and no charges were brought forward,[64] however, the case was reopened a few years later and the French Supreme Court confirmed the conviction on June 14, 2006,[65] but reduced the penalty to €940,000.[65] Soros denied any wrongdoing, saying news of the takeover was public knowledge[66] and it was documented that his intent to acquire shares of the company predated his own awareness of the takeover.[65] In December 2006 he appealed to the European Court of Human Rights on various grounds including that the 14-year delay in bringing the case to trial precluded a fair hearing.[67] On the basis of Article 7 of the European Convention on Human Rights, stating that no person may be punished for an act that was not a criminal offense at the time that it was committed, the court agreed to hear the appeal.[68] In October 2011, the court rejected his appeal in a 4–3 decision, saying that Soros had been aware of the risk of breaking insider trading laws.[69] . [/QUOTE] European Court of Human Rights on various grounds including that the 14-year delay in bringing the case to trial precluded a fair hearing.[67] On the basis of Article 7 of the European Convention on Human Rights, stating that no person may be
for a few years every time freedie lost one his lefty moronic leftist arguments he would post something douchey. After we called him out for his douchey posts he resorted to douchey images instead of responding with substance. just like you... page 4 of the paid troll handbook. when losing an argument... post an image and/or leave the thread.
I'm going to take the time to quote from what George Soros himself has written. The reason I do this is because it is so easy to form a misconception regarding his philosophy and we owe it to ourselves to try and understand this brilliant and complex man. There is a practical reason. What you can learn from him can be be useful to you personally. It was very much so in my case. You may have to read the second quote that follows more than once to fully grasp its import. However I first must call your attention to a definition of what he calls "market fundamentalism" : ... [ market fundamentalism ] has become deeply ingrained in people's thinking. Even as the experts have modified their views, public policy in the United States and elsewhere is still guided by the belief that financial markets tend toward equilibrium that assures the best allocation of resources, and it is only government interference that stands in the way. I have called this dogma "market fundamentalism"* and it remains very influential. ["Alchemy of Finance", Pg. 4] Now to a Soros quote that should be very beneficial to anyone truly interested in understanding Soros. Market fundamentalists insinuate that markets have a moral quality about them by allowing the diligent and creative participants to come out ahead. This argument always suffered from neglecting the social injustice of unequal endowments; but it is entirely destroyed if financial markets do not merely permit free exchange but promote the dominance of the powerful. As I have pointed out elsewhere, the distinguishing feature of financial markets is that they are amoral; that is one of the factors that make them so efficient. But society cannot exist without morality; therefore it cannot rely exclusively on market discipline. Market fundamentalism is a convenient ideology for the rich and powerful. ["Alchemy of Finance", Pg. 14] _________________ * In the 19th century, often expressed by the French term laissez faire. This market fundamentalism that Soros writes of is often championed by the the far right in ET posts. Soros has thoroughly discredited market fundamentalism, and this must be yet another reason why he is so disliked by those with far right politics.
You come across as one of George Soros's many leftist groupies. Please spare me of any further nonsense regarding Georgies agendas. As far as I'm concerned he is a parasite that runs numerous organizations designed to function like a parasitic body. It's main goal is to undermine anything in its way. George lives by a double standard set of rules, he profits as he destroys and he doesn't have a single moral cell in his body. Very typical for an underminer, he does it because he can, and he does it without breaking any laws or at least he broken one in France and was charged with insider trading. Maybe now that France voted in another underminer (Macron) he can get it thrown out. I have to take a shower now I feel dirty after talking about him