HITSGALORE.COM (HITT) Message Board

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Microcap & Penny Stocks : HITSGALORE.COM (HITT)

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To: Arcane Lore who wrote (4496)	10/17/1999 9:28:00 AM
From: TideGlider	Read Replies (1) of 7056

So many times I read posting as such: "If they were crooked the SEC would have shut them down. The SEC accepted the filings and approved of them" Securities Exchange Act of 1934 Section 26 -- Unlawful Representations No action or failure to act by the Commission or the Board of Governors of the Federal Reserve System, in the administration of this title shall be construed to mean that the particular authority has in any way passed upon the merits of, or given approval to, any security or any transaction or transactions therein, nor shall such action or failure to act with regard to any statement or report filed with or examined by such authority pursuant to this title or rules and regulations thereunder, be deemed a finding by such authority that such statement or report is true and accurate on its face or that it is not false or misleading. [Raging Bullers]!!->->->It shall be unlawful to make, or cause to be made, to any prospective purchaser or seller of a security any representation that any such action or failure to act by any such authority is to be so construed or has such effect. TG

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