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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: scion who wrote (108769)10/14/2009 10:45:01 AM
From: Bill from Wisconsin  Read Replies (2) of 122087
 
This is where the SEC is so WRONG

SEC doesn't normally go after the run of the mill penny carp because the dollar value involved is so small.

But where they are so wrong is that because the stock price is so small, there are TONS of small time investors that are burned. Small dollars, but MANY, MANY investors/ victims. People for whom their $5,000 brokerage account is their ONLY savings.

The penalties should be harsher and the enforcement tighter for crimes against these novice investors.

It's just too easy to scam the typical penny investor. I've often thought about it. I know the mechanics by now. But I could never live that way. Even though I've "partnered" with GE and Bank of America, I just could never bring myself to put out the PR announcing the launch of my couch potato business. But there seem to be no shortage of people who have no problem with that. No shortage of people who would promote it. And surely no shortage of people who would invest in that growth industry I've discovered.
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