International Heritage (IHIN) Message Board

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Non-Tech : International Heritage (IHIN)

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To: John Reed Stark who wrote (21)	3/14/1998 1:21:00 PM
From: Gutterball	Read Replies (2) of 454

I have a question after reading comments by Arthur Levitt (SEC Chairman) which Arcane Lore was nice enough to post links to. As I understand things, the SEC uses trading suspensions "to put investors on notice of potential fraud" and "to leave promoters holding worthless stock before they are able to dump it on unsuspecting investors." In the case of IHIN, the stock traded for about 1 1/2 days before it was suspended. None of these trades have settled. My question concerns how far the SEC is willing to go to protect unsuspecting investors. Considering none of the IHIN trades have settled, and fraud is suspected, would the SEC protect investors buy busting all trades, thus leaving the promoters with worthless stock? Nobody profits, nobody is hurt if all the trades do not settle. We've seen the SEC talk the talk, there now appears to be an opportunity for the SEC to walk the walk. You can be proactive in this case and really protect investors from the onset. Discussion?

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