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Microcap & Penny Stocks : Sinclare (SNCG) / cyberlinx -- Ignore unavailable to you. Want to Upgrade?

To: jmhollen who wrote (2628)	10/25/1999 3:43:00 AM
From: Dee Jay	Read Replies (1) \| Respond to of 2696

"Applying these criteria, I find that a third tier civil money penalty of $50,000 is appropriate against Mr. Stockett and that no money penalty should be issued against the Hudson Respondents. The Respondents' acts and omissions involved fraudulent and deceitful conduct and posed a significant risk of substantial losses to investors. Mr. Stockett's conduct, however, exhibited a higher level of scienter and egregiousness. The evidence is that Mr. Stockett intended to continue and expand his course of fraudulent and manipulative conduct. He has been disciplined by three government bodies for prior violative conduct and has, generally, demonstrated a reckless disregard of regulatory requirements. It is overwhelmingly likely that Mr. Stockett will violate the securities laws in the future, which emphasizes the need to deter him from doing so..." Quoted from the March 30, 1999 Initial Decision of the SEC's Judge G. Marvin Bober which can be found at the SEC Enforcement Division's site: sec.gov see also www.ragingbull.com/mboard/boards.cgi?board=SNCG&read=52 The Judge's opinion of Stockett seems to be not quite as lofty as yours, and his has some teeth in it. I know, I know, "past performance is no guaranty of future results" but in this case the Judge has the opinion that it's "overwhelmingly likely that Stockett will violate the securities laws in the future." Is the Judge a Crusader Rabbit for slapping a $50K fine on him? Yes, he is attempting to protect the investing public as he explained. Call it overkill but this reminder will appear from time to time if necessary. If you feel I'm in violation of SI's Terms of Service you know how and where to complain...