Tokyo Joe's Cafe / Societe Anonyme/No Pennies Message Board

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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: Baker Street who wrote (30477)	12/18/1998 8:56:00 AM
From: Anthony@Pacific	Read Replies (3) of 119973

The difference is that a broker who is LICENSED to solicit securities, faces very seriopus rules when making a recommendation, which include suitablility, Bluesky registratrion, Rule 405(know your customer), he must disclose all risks associated in the investment, he must disclose how much he will gain if you take his advice, in addition NO REAL Broker would ever call ALL his clients to buy a stock , each situation is different and what might be right for you may not be right for a widow, or a young man fresh out of college. In addition if you are one of the MANY....MANY..many who lose money every time TEXMEX opens his mouth, because the little spike dies down or you get shorted before you can even start the little manipulation campaign.. what is your recourse what if he lies and decieves , what if you happen to get in on the tail end of one of his little sheep herd stampedes and you buy at the top and a few minutes later...poof, or something else..can you complain? can you get your money back? can you hold him accountable for what he says?..Right now in my opinion he is acting as an unlicensed agent soliciting and making recommendations, who is in violation of at least a dozen rules and Federal Laws..By doing what he does on this thread he is circumventing NASD jurisdiction...Thats when the SEC can step in..Bye BYe TEX... Im not going to cite the specific rules but I will go one step closer and if you really want to Know...http://www.nasdr.com or try the SEC homepage and ask a question online...but if you prefer to stay ignorant...be my guest.

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