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Microcap & Penny Stocks : Short Term Picks From the 'Whiz' Kid -- Ignore unavailable to you. Want to Upgrade?

To: Lola who wrote (8447)	10/30/1999 2:00:00 AM
From: zonkie	Respond to of 9115

I guess almost everyone has seen the "Whiz Kid Web Tout Finds Audience Less" article but here it is again anyway. >>>>>snip>>>>>>> The SEC would not discuss whether Miller, with his oversights and hints, might be doing anything that warranted regulatory action, but a spokesman was willing to say that the agency is not restricted from bringing an action because of a person's age. As to any worries about the regulators -- among 16 other questions faxed to him March 7 -- Miller would not comment, saying he had work to do researching stocks and doing his school work. (He did, however, point out that his Web page discloses both that he is not a registered investment adviser and that he may own the stocks he touts). But Harvey Pitt, former enforcement chief at the SEC who has represented such securities law violators as Ivan Boesky, says Miller offers regulators the potential for an action on allegations that range from inadequate disclosure to as much as fraud. ''What is required is that people know what they're getting when they tune into you,'' says Pitt. ''And my assumption is that he can't do that because if he did, nobody would pay attention to him.''<<<<<<<< bloomberg.com