Marketwatch Engaged in Securities Fraud?

LBX: Marketwatch has a long history of being engaged in Securities Fraud, with the founder of the website Thom Calandra finally charged by the SEC caught red handed in 2004.

See: http://en.wikipedia.org/wiki/Thom_Calandra

It is very interesting that Marketwatch has willfully, deliberately, intentionally allowed a User Forum to use "user Moderators" who are people who have no evidence of having:

a) gone through a background check

b) registered as securities dealers with the SEC

c) or indeed, have any identification information available on the MW Forum site about them.

This is a system that is wide open to flagrant abuse and violation of securities laws.

The law clearly states:Section 9 -- Manipulation of Security Prices

1. Transactions relating to purchase or sale of security.

It shall be unlawful for any person, directly or indirectly, by the use of the mails or any means or instrumentality of interstate commerce, or of any facility of any national securities exchange, or for any member of a national securities exchange--

1. For the purpose of creating a false or misleading appearance of active trading in any security registered on a national securities exchange, or a false or misleading appearance with respect to the market for any such security, (A) to effect any transaction in such security which involves no change in the beneficial ownership thereof, or (B) to enter an order or orders for the purchase of such security with the knowledge that an order or orders of substantially the same size, at substantially the same time, and at substantially the same price, for the sale of any such security, has been or will be entered by or for the same or different parties, or (C) to enter any order or orders for the sale of any such security with the knowledge that an order or orders of substantially the same size, at substantially the same time, and at substantially the same price, for the purchase of such security, has been or will be entered by or for the same or different parties.

2. To effect, alone or with one or more other persons, a series of transactions in any security registered on a national securities exchange or in connection with any security-based swap agreement (as defined in section 206B of the Gramm-Leach-Bliley Act) with respect to such security creating actual or apparent active trading in such security, or raising or depressing the price of such security, for the purpose of inducing the purchase or sale of such security by others.
http://en.wikipedia.org/wiki/Market_manipulation

Marketwatch Admin:

Kindly tell us what efforts have been made to ensure that MW Admin staff, including not just paid staff, but unpaid Forum moderators, have complied with the law?

Do you verify the identity of your "user Moderators"?

Do you require them to disclose all stock trades to you so you can monitor them for compliance?

Do you report suspicious activity to the SEC as you are required to do?

Do you aid and abet illegal manipulation?