SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : NBMX - National Boston Medical (was FGRX)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Joe Copia who wrote (688)10/29/1998 3:00:00 PM
From: Hyrulean King   of 1286
 
TO ALL: From CMGI thread:

To: Bateman (2506 )
From: Scarecrow Thursday, Oct 29 1998 9:31AM ET
Reply # of 2517

Interesting reading from this morning's WSJ.
This message has the relevant excerpts. I'll post the whole article in next message:
========================================
From this morning's WSJ…

SEC Targets Stock Promoters
In a Sweep of Internet Fraud
By JASON ANDERS and CARRIE LEE
THE WALL STREET JOURNAL INTERACTIVE EDITION

… SEC's investigation targeted online investment newsletters and Web sites that touted stocks in exchange for cash or stock from the companies they were promoting. The SEC requires stock promoters to disclose whether or not they were paid, how much they were paid and the source of the compensation.
In many cases, the promoters failed to adequately disclose that they were being paid, the SEC said. In others, the SEC alleged, they provided false information about the companies they promoted. … He said of the 23 cases brought, five involved posts on Internet message boards and 20 involved the use of Web sites to tout securities. He said that 19 cases involved the use of online investment newsletters, which sometimes included dubious research reports…
… A spokeswoman for Silicon Investor (www.techstocks.com), a popular Internet discussion forum, said the service has received about 10 subpoenas in the last few months from the SEC. "That's certainly a lot higher than we used to get, which was about one every six to 12 months, and even then they weren't always from the SEC," said company spokeswoman Jill McKinney...


Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News