Frenchie, the internet business was mostly unregulated especially by the SEC. FSS and Mr Bruss, for the most part pioneered the internet newsletter business and was successful at it. Until he got greedy and found how easy money could be made. His formula began to be copied, thus catching the eyes of regulators. Bruss sold FSS before he would go down with the rest of the pack. Anyway to make a long story short, the Sec established some parameters for this newsletter service, and most internet guys are now conforming to them. It makes the service a touch less effective. But also brings them to reality. What FSS did, and what internet newsletter services are doing now are not parallel as if they were, they would have been gone some time ago.
Id be careful of making outright accusations of pump and dump, as it is libelous. Simultaneously to the new regulations by the SEC to internet newsletters, the SEC did make parameters for individuals on threads. And just as much as people are not allowed to form rumors and innuendo in traditional media forums about companies, officers or directors of companies, or the validity of statements or technology as false. This of course could be damaging and construed as false rumor. This has become another media forum and is now beginning to be regulated. Companies now have the right to fight back.
And stop threatening that the SEC is watching and your sending everything to the sec, forwarding what people say to the SEC, you and the SEC (etc). No one here really cares. I was told by the company they consult SEC counsel prior to making moves that are under the jurisdiction of the SEC. Thus, I think DCHT watches its back legally. |
