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To: badon518 who wrote (15520)1/6/2000 11:12:00 AM
From: Scarecrow  Read Replies (2) | Respond to of 19700
 
***OT***
Badon --
when the sec goes after a broerage, don't they usually announce the charges at the same time they announce some kind of consent decree and everything is all wrapped up in a neat package?

I can't say for sure -- but I thought you were right. Here, however, they seem intent on making a very public example of him. It's a shame it's a civil matter -- there'd be no jail time. They'll do a cash-ectomy on him instead. (So will his lawyers!)

What I'm very surprised at is that they didn't seek an injunction to shut down his site immediately.