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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: bob sims who wrote (6609)	7/2/1999 12:51:00 PM
From: Ga Bard	Respond to of 9440

YEs ... the SEC is going after touters for false information or for the verification of information they suspect is false. Companies are going after doubters with their false information. Problem is like you once said. "Best defense against slander, libel etc. is the truth." It was only a matter of time before presidence and law came to the internet making people responsible for their posts. I know one individual I would love to suit. Problem is even if you win you still got to try and collect. PLUS you have to go where they are so unless there is something to go after it is really not worht it. :-) GB

To: bob sims who wrote (6609)	7/2/1999 1:00:00 PM
From: Binder	Respond to of 9440

Not really.... If I were a juror, and the evidence indicated that the statements made were truthful, I would have to say that what I see is someone who exposes scam companies on the internet. However, if the evidence indicated the statements were false, I would probably think otherwise. jmo, Binder

To: bob sims who wrote (6609)	7/2/1999 6:36:00 PM
From: Janice Shell	Respond to of 9440

Do you see a pattern, device or sceme that is consistent? I assume you mean "scheme", am I right? Well no, I don't. I just see a whole lotta really crappy companies out there, intent on ramping up market cap without delivering product. I assume, "bob", that you know how easy it is for company principals to cut really amazing deals for themselves. Reg D? Lololol. Some companies do it; others don't. I'm not making allegations here, unlike you. As previously noted, I can say what I damn please, as long as it's the truth. Many people on the HITT thread have asked you to point to a post of mine that was a lie, and more particularly, a self-serving lie. Too damn bad, "bob", you can't do it, can you? SHALL we talk about "libel"???

To: bob sims who wrote (6609)	7/2/1999 9:15:00 PM
From: dumbmoney	Read Replies (1) \| Respond to of 9440

Do you see a pattern, device or sceme that is consistent? Yes. Bob Sims loves scumbags, and despises their victims.

To: bob sims who wrote (6609)	7/2/1999 9:31:00 PM
From: Tom Swift	Read Replies (3) \| Respond to of 9440

Section 17(b) of the Securities Act [15 U.S.C. 77q(b)] makes it unlawful to publish any communication describing a security (whether or not the publication offers the security) where the publishing party receives payment from the issuer, an underwriter or dealer, without fully disclosing that such payment has been (or will be) received and the amount paid." I sure hope this passes: U.S. senator introduces microcap stocks fraud bill WASHINGTON, June 9 (Reuters) - A key U.S. Senator Wednesday introduced legislation intended to give the Securities and Exchange Commission new tools to crack down on fraud perpetrated in thinly-traded, low-priced securities. ''By giving the SEC the tools it needs to combat such fraud, this legislation will benefit not only individual investors, but also the vast majority of legitimate small companies who contribute so much to our country's growth and prosperity,'' said Sen. Susan Collins, a Maine republican. Microcaps are prime targets of scam artists who often will artificially pump up share prices with false statements and then sell them at hefty profits to unsuspecting buyers. Microcaps include penny stocks and generally describe the low-priced securities of companies with market capitalizations of less than $300 million. The bill, known as the Micro-cap Fraud Prevention Act of 1999, will allow the SEC to bring enforcement actions against securities fraud violators on the basis of enforcement actions brought by state securities regulators. ''Unfortunately, as our markets bring benefits to more Americans, they also attract those who would exploit unsuspecting investors through manipulative practices,'' said Collins, chair of the Senate's Permanent Subcommittee on Investigations. The bill, co-sponsored by Sen. Max Cleland, a Georgia Democrat and Sen. Judd Gregg, a New Hampshire Republican, will also help the SEC keep unscrupulous individuals from other financial sectors, such as banking or insurance, out of the securities business. Other provisions include strengthening the SEC's ability to take enforcement actions against repeat violators. Currently the SEC must request that the the U.S. Department of Justice initiate criminal contempt proceedings, which can be a timely process. ''This legislation, if enacted, would give regulators even more tools and weapons to rid the securities industry of this scourge,'' said Peter Hildreth, president of North American Securities Administrator Assn., the umbrella group for state securities regulators. The Securities and Exchange Commission said it endorses the legislation, saying: ''This bill would give us valuable new tools to close of participation in the microcap market by those who would prey on innocent investors.''