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To: Joe Copia who wrote (10087)	6/24/1999 5:29:00 PM
From: Mama Bear	Respond to of 18998

Joe, it is simply untrue that one needs to have a license to speak their mind. Barb

To: Joe Copia who wrote (10087)	6/26/1999 6:23:00 AM
From: Mama Bear	Read Replies (1) \| Respond to of 18998

Joe, an article in today's Bearon's that is squarely on point concerning licensure for publishing investment opinions: Prometheus Unbound Court says the CFTC can't regulate advice By Cheryl Strauss Einhorn Opinions are free. They may be unwanted or unhelpful, but they are free, nonetheless. That was reaffirmed last week when a federal court struck down the Commodity Futures Trading Commission's ability to regulate advice on the commodity markets. In Washington, District Court Judge Ricardo Urbina ruled against requiring newsletters -- and more recently software and Internet publishers -- to obtain a license as a commodity trading adviser before publishing information about futures trading. The court deemed the requirement unconstitutional. It was "an impermissible prior restraint upon the exercise of free speech and runs afoul of the First Amendment," Urbina wrote in his decision. interactive.wsj.com Paid subscription required. Barb