Day Trader Cleared: Lack of Evidence on Same-Day Trades for Fraudulent Practices Under PFUTP Leads to Acquittal.

Multiple trades on the same day - fraudulent and unfair trade - Even though preponderance of probability is sufficient to prove PFUTP violations still fraudulent and unfair trade has to be established with some degree of confidence. Given the absence of such findings and given the undisputed fact that the appellant was a day trader we are constrained to give benefit of doubt to the appellant. .....

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