To: EL KABONG!!! who wrote (10416 ) 12/2/1999 2:38:00 AM From: Jeffrey S. Mitchell Respond to of 32882
Re: New SEC report covering on-line discussion forums ===== Commissioner Laura Unger Releases On-Line Trading Report VII. ON-LINE DISCUSSION FORUMS A. General Background On-line discussion forums are a popular feature of the Internet. [211] At least three types of Internet "discussions" have evolved. First, numerous websites host discussion groups, or "chat rooms," with real-time postings and viewing by participants on a wide variety of topics. Other websites contain "bulletin boards," cyberspace message centers where comments concerning issuers, securities, industries, or any other facet of the markets can be posted and saved for viewing over an extended period of time. Finally, many websites offer moderated discussion forums, typically led by a real-time moderator and featuring a guest "expert." Users have participated in these on-line discussions forums to, among other things: (1) educate themselves about investing by exchanging ideas with others or reading the discussion "threads;" (2) act collectively; [212] or (3) post information or opinions about an issuer. [213] The defining characteristic of these on-line discussion forums is that they enable large numbers of geographically dispersed individuals to gather and communicate on-line on a real-time and largely anonymous basis. Besides certain common ground rules, each site imposes slightly different rules for participation. Some sites do not monitor users' participation, while other sites use volunteers as a sort of"neighborhood watch" patrol to maintain decorum and ensure topical discussions. Some sites charge a fee for posting but not for viewing. On some sites, users may post anonymously or register themselves under multiple aliases. Some financial sites do not permit discussion on certain securities topics. [214] On-line discussion forums can be found in America Online, Yahoo! Finance, Silicon Investor, TheStreet.com, Raging Bull, and Motley Fool, among others. etc.Message 12163691 - Jeff P.S. Due to buffer size limitations, you can't view the post under "classic" SI. Sorry.