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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Jim Bishop who wrote (58102)8/4/2000 5:05:58 PM
From: StocksDATsoar  Read Replies (1) of 150070
 
Toronto-Dominion Bank (The)

Globe says RCMP should start arresting Internet frauds
Toronto-Dominion Bank (The) TD
Shares issued 649,936,806 2000-08-03 close $35.7

Monday Aug 7 2000
See Quebec Securities Commission (PQSEC) In the News
The Globe and Mail, in its lead editorial on Friday, says that stock fraud, presumably a dormant phenomenon for years, has been reborn, and the public can thank the Internet for its return to the headlines. It says the Internet is perhaps the perfect vehicle for securities crime, with investors and others gathering in chat sites to discuss facts and rumours about particular companies. Promoters can anonymously plant lies about the company and watch investors scuttle off to buy shares. Now the Quebec Securities Commission is investigating a case involving a broker working for TD Evergreen who was promoting tiny DelSecur by passing on unfounded tips about upcoming deals with the U.S. National Security Agency. To date, no criminal charges have been laid over Internet stock promotion. The editorial notes the Ontario Securities Commission's efforts to stem Internet stock fraud, while urging the RCMP to do the same. Using any sort of deceit or falsehood to affect the price of stocks is fraud under the Criminal Code of Canada. Put the law to use, The Globe says.

(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com
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