Question: 1. This case demonstrates how using a legal process illegally can be a violation of the stock market rules. It also demonstrates how much deference

1. This case demonstrates how using a legal process illegally can be a violation of the stock market rules. It also demonstrates how much deference is given to the SEC enforcement by the courts. Is this wise?
2. Should the SEC have to prove that Gann caused harm by using his process on mutual fund purchases and sales?
3. How exactly was Gann defrauding the companies by buying and selling quickly? Why did he need to create 21 companies to accomplish this?

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