Baron,
I'm assuming that you deleted the second thread concerning Ken *******, so my comments are directed at you.
I can understand the desire to avoid the spectre if *potential* litigation. When mgregor posted the email he received from ******* threatening litigation, I assume that you received one as well. Who wants to deal with that?
However, this doesn't excuse you, I think, from what appears to me a duty that you have taken on AS the owner and operator of EliteTrader. If you are going to run a site like EliteTrader (which I happen to enjoy), then you have made a decision to run a site which is dedicated to the free flow of information. This being so, it seems to me that it is incumbent upon you to defend your site from attacks (like *******'s threatened litigation) whose sole purpose is to defeat the purpose behind your enterprise. Specifically, their purpose is to silence discussion and foster a climate of fear (fear of litigation). Especially when the threats are frivolous (as in *******'s case, since it was far from obvious what he would be suing anyone about). I could understand *actual* libel being printed on your site. Newspapers cannot print just anything either. But in the ******* case (especially the last thread) there wasn't a hint of libel anywhere. People posted their negative experiences with *******, and many, like myself, commented negatively about *******'s desire to sue MGregor. This wasn't a thread you could have been sued over.
Deleting the threads may be the quick and painless answer, but you simply must make a stand. Are you going to delete any thread that comments in a negative way about a brokerage, exchange, market maker, etc? Obviously any of these entities could write to you threatening to sue you and your site if you allow criticisms to appear on EliteTrader. IB's stop system seems slow to respond, in my experience. Would you delete a thread where I mentioned this, if IB threatened to sue you? Many here have commented about their negative experiences regarding market makers. Obviously these are institutions, and they could threaten to sue you as well.
Again, I enjoy EliteTrader, and I'm grateful that you have set up the site. As well, I can understand the desire to avoid legal headaches. But there are responsibilities that come with running a site like EliteTrader, and you cannot shy away from them.
Wet
I'm assuming that you deleted the second thread concerning Ken *******, so my comments are directed at you.
I can understand the desire to avoid the spectre if *potential* litigation. When mgregor posted the email he received from ******* threatening litigation, I assume that you received one as well. Who wants to deal with that?
However, this doesn't excuse you, I think, from what appears to me a duty that you have taken on AS the owner and operator of EliteTrader. If you are going to run a site like EliteTrader (which I happen to enjoy), then you have made a decision to run a site which is dedicated to the free flow of information. This being so, it seems to me that it is incumbent upon you to defend your site from attacks (like *******'s threatened litigation) whose sole purpose is to defeat the purpose behind your enterprise. Specifically, their purpose is to silence discussion and foster a climate of fear (fear of litigation). Especially when the threats are frivolous (as in *******'s case, since it was far from obvious what he would be suing anyone about). I could understand *actual* libel being printed on your site. Newspapers cannot print just anything either. But in the ******* case (especially the last thread) there wasn't a hint of libel anywhere. People posted their negative experiences with *******, and many, like myself, commented negatively about *******'s desire to sue MGregor. This wasn't a thread you could have been sued over.
Deleting the threads may be the quick and painless answer, but you simply must make a stand. Are you going to delete any thread that comments in a negative way about a brokerage, exchange, market maker, etc? Obviously any of these entities could write to you threatening to sue you and your site if you allow criticisms to appear on EliteTrader. IB's stop system seems slow to respond, in my experience. Would you delete a thread where I mentioned this, if IB threatened to sue you? Many here have commented about their negative experiences regarding market makers. Obviously these are institutions, and they could threaten to sue you as well.
Again, I enjoy EliteTrader, and I'm grateful that you have set up the site. As well, I can understand the desire to avoid legal headaches. But there are responsibilities that come with running a site like EliteTrader, and you cannot shy away from them.
Wet
).