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Technology Stocks : tmrt/tmrte 2themart.com -- Ignore unavailable to you. Want to Upgrade?

To: john kalenkiewicz who wrote (201)	11/9/1999 1:56:00 PM
From: StockDung	Respond to of 487

Cybercops The SEC looks for new legislation and more money to help fight internet stock fraud. by Laura Randall With the Dow continuing to post record highs, there's no question that a lot of money is in the market right now. But, apparently, not enough of that money is trickling down to help the market's policeman, the Securities and Exchange Commission, fight Internet stock fraud. But that hasn't deterred the SEC from making plans to continue its battle against such cyber cheats. "While it is true that our resources are strained by the growth of Internet fraud, it would be a mistake to underestimate our commitment to attacking fraud on the Net," says Richard Walker, head of the SEC's enforcement division. Out of a total staff of 850 enforcement officers, the SEC has 135 staff members who work on the agency's cyber-force. Walker expects the number of Internet enforcement officers will continue to grow. According to Richard J. Hillman, the General Accounting Office's associate director of Financial Institutions and Market Issues, the SEC's fraud investigation staff features only three full-time employees. Hillman told a Senate subcommittee last month that he doesn't think the SEC will be able to handle the growing amount of online fraudsters with this small group of full-time workers. Nonetheless, Walker is urging a get-tough approach to online fraud and calls for better investor education and tougher punishment for cyber-hucksters. "Policing the vast universe of the Internet is unquestionably our greatest challenge today," Walker says. Among the incidents of fraud on the SEC's radar screen are stock giveaways, in which companies offer free stock issuance to computer users who visit their Web sites. Another prominent scam is the get-rich-quick schemes targeting Internet users. "We have seen interests pitched in eel farms, coconut plantations and, my personal favorite, projects to explore near-earth asteroids," Walker says. There are also "pump and dump schemes," where fraudsters circulate false and misleading information on the Internet to drive up a stock's price, then sell their shares at the inflated price before the share price collapses. Conversely, short sells practice the "cyber-smear," in which they try to drive down a stock's price by spreading false information. "There is indeed a bull market in Internet securities fraud taking place," Walker says. The SEC enforcement chief pointed to legislation being drawn up by Sen. Susan Collins (R-Maine) as a likely aid to the SEC's battle against securities fraud. One proposal would allow the SEC to bar broker-dealers not only from the brokerage industry, but from stock promotion as well. Currently, brokers barred from the industry may come back as stock promoters and the agency has no jurisdiction over them. Collins is also proposing separately that the SEC be allowed to bring proceedings based on investigations done by individual states. Walker compared the SEC's crackdown on Internet fraud to its fight against insider trading in the 1980s. He recalled how then-SEC Chairman Richard Breeden said insider traders should be left "naked, homeless and without wheels." Similarly, "Internet fraud artists will be left naked, homeless and without modem," Walker says.

To: john kalenkiewicz who wrote (201)	11/9/1999 2:01:00 PM
From: StockDung	Read Replies (2) \| Respond to of 487

Dear ABC, there are rumors on the internet that TMRT is going to be promoted by your company or the 49ers on a up coming Monday night football game. As I understand they intend to hand out banners and hot wheel cars. You should read all about these CRIms before you become associated with them. Here is a link to their activities; TheTruthseeker.com Investigative Journalism Research Reports on 2themart.com are now available for free to the general public. NEWTON, N. J. Oct. 26, 1999 - TheTruthseeker.com Investigative Journalism Research Reports on 2themart.com (Pink Sheets OTC: TMRT) are now available for free to the general public. To date 2themart.com still has no functioning web site and it appears that EBAY, AMZN and MSFT have nothing to worry about. It has also has come to the attention of TheTruthseeker.com that Steven Rebeil and three companies with which he is affiliated -- Gem Homes Inc., Gem Development Inc. and Leiber Inc. -- and his attorney, Dominic Magliarditi, were named in a suit brought by Siefert Development Inc. Rebeil and his companies are accused of civil conspiracy, fraudulent misrepresentations, civil aiding and abetting, embezzlement and breach of contract while Magliarditi was accused of legal malpractice in the suit filed earlier. The complete story can be found at LAS VEGAS SUN lasvegassun.com The past reports are available for free. For those that have never seen one of the numerous Shareholder Class Action Law Suit that were filed against 2themart.com, it is now available for your viewing pleasure. thetruthseeker.com The defendants include 2TheMart, Steven W. Rebeil and Dominic J. Magliarditi. The Complaint charges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10-b(5). The action arises from damages incurred by the Class as a result of a scheme and common course of conduct by defendants which operated as a fraud and deceit on the Class during the Class Period. Defendants' scheme included rendering false and misleading statements and/or omissions concerning the present and future financial condition and business prospects of the Company, as well as the financial benefits that would enure to 2TheMart and its shareholders. Featured 2themart.com Stories; The Incredible $640 Million 2TheMart Web Site Released May 25, 1999 thetruthseeker.com "TMRT: 2 The Mart With No Money" the ongoing saga. Released August 25, 1999 thetruthseeker.com TMRT Class Action, Truthseeker Hopes Rebeil and Magliarditi Don't Represent Themselves thetruthseeker.com In addition TheTruthSeeker.com would also like to announce that it has Initiated a public interactive Free stock discussion thread on the Net's Newest Message Board Site, The WallStreetStand.com, wallstreetstand.com "We looked at Yahoo, (NADSAQ: YHOO), Raging Bull (NASDQ: CMGI), and Go2Net's Silicon Investor, (NASDAQ: GNET), and the WallStreetstand.com site, and we were impressed by the quality of the site and the accountability that people will find there, hands down, it is the best Message Board site on the net, bar none" said Floyd Schneider, CEO of Thetruthseeker.com. TheTruthseeker.com is an Interactive Online Magazine and E-mail service site. TheTruthseeker.com issues Truthseeker Reports on a weekly basis. Some of the past reports by The Truthseeker include USATalks.com (NASDAQ: USAT) Citron (NASDAQ: CTRN), NET COMMAND TECH INC (NASDAQ: NCDR), 2TheMart.com (NASDAQ:TMRT), PLAY-BY-PLAY TOYS&NOVELTIES ( NASDAQ: PBYP), PREMIER LASER SYSTEMS'A' (NASDAQ: PLSIA ), AMPLIDYNE INC (NASDAQ: AMPD ), MP3.COM INC NASDAQ: MPPP) ASK JEEVES INC. ( NASDQ: ASKJ) and various others.The Truthseeker Reports are sent to our members and often are forwarded on to other the Regulatory bodies. Past reports in the archives are available for free to members of the public. To view the most current report please visit our site below or for additional info, please visit us at: thetruthseeker.com