QUANTUM Message Board - Msg: 2903833

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Technology Stocks : QUANTUM

QNTM 10.51

-0.8%

Dec 10 3:59 PM EST

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To: Gottfried who wrote (6230)	12/8/1997 1:03:00 AM
From: Rob S.	Read Replies (1) of 9124

This article points out the power, influence and acceptance of the multibillion dollar investment brokerage and banking eatablishment. Where did the head of the FTC probably come from before he got the job and where is he likely to go once he returns to private industry? It's not likely to be as simple as many people think to get big government and big business to look out for the interests of all investors equally. I think a methodical, planned campaign most likely must be undertaken in order to get more than lip service toward significant change. Because of the ability to pool efforts and keep tract of things via the internet, I think it's posible to form an "internet political action committee" or whatever you want to call it that will ring a bell in Washington and other political circles. The objective would be to form an outline of reasonable proceedures that companies and investors (including anals) are required to follow and methods to make information accesible via the internet and recorded calls or discussions. I think that people must own up to the fact that to do this right it will likely take a bit of effort over a long period of time. A change in established proceedures does not happen overnight. The industry, including the SEC, has the long standing habit of ignoring the individual investor and looking out for the institutions. Unless we are willing to carry on this conversation as a "committee" or some other sustainable effort, it is unlikely to not have that much of an impact IMO. That's not to say that I at all discourage individual efforts, as this is a common concern, a lot of individual letters, e-mails, and phone calls could nudge some change, but can also easily be forgotten.

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