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Non-Tech : Meet Gene, a NASDAQ Market Maker -- Ignore unavailable to you. Want to Upgrade?

To: Janice Shell who wrote (983)	9/7/2000 11:09:47 AM
From: LPS5	Read Replies (3) \| Respond to of 1426

That is a good one. When it comes to finding increasingly ridiculous attempts to prey on the gullible, truly, we live in a target rich environment these days. Perhaps one day we'll have a National Financial Fraud/Scam Museum, in which infamous stocks' certificates w/charts, examples of certain e-mail campaigns, stock promotion companies' efforts, and the like will be displayed. Possibly, for those issues/stories those that apply, the "real" math behind the scheme, such as what a company was falsely calling assets or what the "real story" behind a certain firm was, despite what they purported. I think a "Hall of Heroes," which would include a few names from right here on SI and also a few of the regulators who have worked diligently to combat fraud in the markets would be in order. Maybe a wax figure room of some of the most noteworthy touts out there? Or how about a "Hall of Firms," where the front door signs of some of the most flagrant securities violators (since the 1980s) would be posted, with a synopsis of their total years in operation, a list of the issues they touted, the total dollar amount of funds they ripped off, the number of customers they injured, etc. For the kids, out front, a playground, including a big slide replicating the gut-wrenching slide that a dumped stock takes. Maybe one slide - for purely rhetorical purposes - that goes up about 50 feet and drops straight down - with no connection - to a tiny platform about 45 feet lower. We'd call that one, "Post-halt reopening." One thing for sure, though: we'd have to leave plenty of room in some of those sections. For, to paraphrase Lefevre in "Reminiscences of a Stock Operator;" like speculation: "[Fraud] is as old as the hills." LPS5