>>The SEC has already brought more than 30 cases involving Internet-related securities fraud that have involved virtually every type of investment scam, including phony offerings, market manipulations, affinity frauds (e.g., frauds that target a particular ethnic or religious group), and pyramid and ponzi schemes. <<
Howard, when I visited the SEC a couple of months ago, I was told by one of their investigators that this unit was being set up. I spoke with them about the manipulation that goes on in these boards, from bashers, fearmongers, etc, and they indicated to me that this was part of the new unit's charter, and they seemed very interested in monitoring that activity.
Periodically, when we get these types on the DGIV board, I have warned them about this, that this and similar boards are being monitored by the SEC for their activities. I guess they did not believe me, but hopefully this news announcement will make them realize that you can only throw sand in the SEC's face for so long.
Remember, the SEC is on the side of the individual investor -- our side. We have nothing to hide, so nothing to fear from the SEC! |
