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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?


To: DanielleC who wrote (115919)1/5/2000 2:27:00 PM
From: kumqwatt  Respond to of 119973
 
ITRA green reports earnings tomorrow



To: DanielleC who wrote (115919)1/5/2000 2:29:00 PM
From: MB6  Respond to of 119973
 
USAM could be a good momentum stock today @ $1, 800K float and BK value of $9. Bouncing off the bottom of 52 week low.



To: DanielleC who wrote (115919)1/5/2000 2:29:00 PM
From: bsl113  Read Replies (3) | Respond to of 119973
 
Is this true?
cbs.marketwatch.com

SEC sues 'Tokyo Joe' for securities fraud
Web-based guru accused of scalping, other violations

By William L. Watts, CBS MarketWatch
Last Update: 1:47 PM ET Jan 5, 2000
See: NewsWatch

WASHINGTON (CBS.MW) -- Yun Soo Oh Park, the self-proclaimed
day-trading guru and Web site operator known as "Tokyo Joe," faces civil
fraud charges accusing him of defrauding members of his Society Anonyme
stock-picking service, the Securities and Exchange Commission said
Wednesday.

In a complaint filed in federal court in Chicago, the
SEC said Park, a New York resident, engaged in
scalping, illegal touting and lying about his
performance record.

The SEC said Park and Societe Anonyme charged
members up to $200 a month for Park's stock picks
and other investment advice. Meanwhile, Park
allegedly misled members or lied to them about his
positions in the stocks he was recommending.

According to the SEC, Park was contemporaneously
selling the same stocks he was recommending that
Society Anonyme members to buy. In such cases,
Park allegedly bought the stock shortly before his
buy recommendation and then profited by selling the
stock into the buying flurry that followed his
recommendation, a practice known as "scalping."

The commission said Park posted "materially false
and misleading" performance results on his Web site
and also engaged in illegal touting.

"The Internet has witnessed the rapid growth of Web sites run by
self-proclaimed investment gurus. Today's action makes clear that we will
not tolerate fraudulent conduct or undisclosed conflicts of interest by those
peddling investment advice on the Internet," said SEC Enforcement Division
chief Richard H. Walker.

The SEC is seeking a permanent injunction against Park and Society
Anonyme, which is operated from Park's New York home, as well as
disgorgement of any ill-gotten gains and civil penalties.



To: DanielleC who wrote (115919)1/5/2000 5:57:00 PM
From: Bouf  Respond to of 119973
 
BOUF in and out today..but my little new find did fine...fireworks still ahead of us....MDTV...yes....