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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: ~digs who wrote (23026)	3/31/2000 2:45:00 PM
From: Steven Finkel	Respond to of 57584

AMAZING. ARBA is almost in the green today at 217. Hit a day low of 177 15/16! Looks like a rally so far, not a selloff.

To: ~digs who wrote (23026)	3/31/2000 11:20:00 PM
From: Rande Is	Read Replies (3) \| Respond to of 57584

Here is an excellent discussion of the TokyoJoe case. . .and unbiased, as opposed to those here on SI with personal agendas. Many good points brought up there which affect all individuals on these boards that make stock recommendations. Here is link to article. . . please read article before attempting to comment . . . Message 12896466 The SEC is obviously going way out on a limb in attempting to set precedence on those of us discussing stocks online. . .wanting each of us to file for "investment advisor" status and be under regular SEC scrutiny. However, it is obvious that these boards are more like 'interactive newsletters'. Stock plays and suggestions are posted to no one in particular, nor are they directed at any specific persons portfolio. This means that since no specific advice is given directly to individuals, no advice is being given. . .thus, SEC regulations do not apply and rather, first amendment provisions are enabled. Those here on the HOME thread from day one, know that I have never allowed specific stock advice to be given out, nor have I dispensed any. . . not even once. . . not publicly, nor privately. . . never said "buy this" or "sell that" . .or gave out stock advice targeted toward an individual. [Though I have sure given out my share of personal, relationship, spiritual, advice through private messages and email]. . . I guess they could get me for being a friend without a license. <g> Oh, and I might have chewed a few of you out in private for getting in over your heads in margin accounts, playing scammy penny stocks or for gambling your home equity. Don't get me wrong. . .I am not concerned in the least that I or any of us may be violators. . .everyone here knows that we work tirelessly to keep one another from falling into the fraudulent traps that abound. Without threads like this, many of us would still be losers. But instead, we have learned how the markets REALLY work. . .and are winners. Now I don't know, nor do I care to hear about specific charges against TokyoJoe. However, I can say that the SEC will certainly not get the courts to set precedence on forcing individuals to become registered investment advisors, just because they share stock picks publicly. I can't even believe they are trying. It disturbs me greatly that the SEC would even be going down that path. Really! What do they hope to accomplish with that ruling? And wouldn't our tax money be better spent going after the REAL criminals that work high above Wall Street? Don't even get me started there. . . I may even take a little trip to Washington D.C. myself and ask my congressmen, the SEC and anyone else who will listen. . .some of the countless questions that have been bothering me for a long time, regarding the way things work with brokerage houses, market makers, time & sales data, brokerage analysts and biased journalists. . . and why our governing branch insists on turning a blind eye. What could possibly be their motivation? <wink-wink> And doesn't it make you wonder if the Consumer Protection Agency shouldn't have certain governing powers OVER the SEC, when it comes to our RETAIL stock purchases??!!!?? Where is the voice of the individual investor in Washington? Rande Is