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.

Non-Tech : The New Iomega '2000' Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Amadeo Mendez-Vigo who wrote (2056)	7/31/1999 11:12:00 AM
From: Amadeo Mendez-Vigo	Read Replies (3) \| Respond to of 5023

Beware..Part of statement made by SEC Chairman Artur Levitt at the National Press Club...... ""Lastly, I want to raise some points about chat rooms, which increasingly have become a source of information and mis-information for many investors. They have been compared to a high-tech version of morning gossip or advice at the company water cooler. But, at least you knew your co-workers at the water cooler. That just isn't true on the Internet. And, I hope investors recognize that. I wonder how many chat room participants realize that if someone is waxing poetic about a certain stock, that person could well be paid to do it. For the future sake of this medium, I encourage investors to take what they see over chat rooms -- not with a grain of salt -- but with a rock of salt. By doing so, you protect yourself and you protect the Internet. I've asked the major Internet providers who host these chat rooms to place a link to the SEC's website where investors can learn more about on-line investing and file a complaint with us if necessary. I want everyone in a chat room to know that if someone is taking advantage of the technology, you have the opportunity to shine the light on it. Think of it as neighborhood watch on the Internet. With the help of investors, we can get those people who have only one motivation -- to ruthlessly make money at the expense of others -- out of our communities. The SEC will do everything it can to protect and inform investors during this time of great innovation and change. But, I've said many times before that investor protection -- at its most basic and effective level -- starts with the investor. In this day and age, there simply is no substitute for a person's awareness and wariness.""