Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Mike Buckley who wrote (33976)	7/3/1999 9:31:00 AM
From: JGoren	Read Replies (1) \| Respond to of 152472

Low margin requirements were one thing; stock manipulation another. But, the '33 Act, the first one, addressed the flow of information for new stock offerings, requiring full and fair disclosure of material information. The '34 Act addresses market manipulation problems and information released by companies that already have shares trading publicly. The Investment Company Act of 1940 regulates investment companies. Together they are a comprehensive package to regulate brokers and investment advisers and the flow of information to try to ensure that investors receive the information they should have to make informed investment decisions. The ethic of the SEC is generally very entrepreunerial and pro-business oriented but with the view of creating and maintaining an efficient and informed marketplace so that money can flow into investments. Indeed, perhaps unique among federal agencies, the SEC every so often "makes money;" when there are lots of stock offerings the filing fees occasionally are greater than the expense of maintaining the agency. I can tell you that employees of the SEC are very proud that it can (in go-go years) pay for itself. Nevertheless, it has helped create the greatest securities market in the world--where companies can go to the public to find the money they need to build their busineses.