Found this on another board:
SEC Commission will investigate message board users who spread
negative rumors!! New York Times...February 21, l999.
"Companies fearing possible stock manipulation have raised their
own complaints with securities regulators and message board
operators. Medinah Mining took the unusual step of suing people
who posted disparaging messages about their company. The suit
contended that they had made "false defamatory statements."
The suit listed the online pseudonyms of the authors, since
actual names or other identifying characteristics were unknown"
Imon CEO, David Schwartz said he worried that the rumors and volatility were scaring away
long-term investors. "Our stock has
been all over the map, and that doesn't do us any good in the long
run," he said.
"Much of the problem lies in the anonymity provided by the message
boards.......if someone is suspected of manipulating a stock on a
board, the SEC can issue subpoenas,......Once they get a cheap stock
they have to manipulate it, and the best way to manipulate it is to
QUICKLY SPREAD FALSE INFORMATION, said Richard Walker, director of
enforcement at the SEC Commission, describing its Internet surveillance as ONE OF ITS
HIGHEST PRIORITIES."
If anyone of my threadmates want to read the entire story, it is
in today's New York Times under Technology. If you go to
www.nytimes.com you will have to register (it's free)
This is a great article!!!! If anyone on this thread thinks we
have stock manipulators among us, report them. The SEC is waiting!!
They are after G_Gekko_99 as we speak. His posts on Yahoo had a
great deal to do with the volitility of the IMON stock. |
