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The brokers bought many of the shares and resold them at an average of $2.10 each by making unfounded price forecasts and other predictions, the N.A.S.D. said.
Bullish job creation forecasts from boardrooms are not entirely unfounded, but require a hefty pinch of optimism.
Indeed, in the Barclays Center's opening weeks, which have featured a mix of concerts, preseason basketball games and other events, forecasts of neighborhood-wide gridlock have thus far been unfounded.
Both contentions are unfounded.
The contention is unfounded.
Those fears proved unfounded.
This objection is unfounded.
My fears were unfounded.
These concerns are unfounded.
Those forecasts rarely proved accurate, but as long as the games were reasonably profitable, she said, you'd keep your job and get to create more unfounded projections for the next endeavor.
That is unfounded.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com