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Non-Tech : Traditional brokers/SEC conspiracy

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To: Wiselight who wrote (53)	10/18/1999 3:15:00 PM
From: micky	Read Replies (1) of 104

The problem isn't a "conflict" of interest but a unity of interest, which is why the SEC is like a fox being asked to guard the chickens. Too many SEC people are tied to the big firms - brokerage or law - that benefit from the status quo. Where do they get their experience? Who hires them when they move on? Just posted about MMs on another thread - how they are the biggest problem when it comes to shorting, etc. (see siliconinvestor.com. Think that the old boys network will fight hard to keep their bennies -- just circumventing them is the best approach. Note all the scare talk about direct internet investing -- can't wait til there is a true buy sell system. Good investing.

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