Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Devin123 who wrote (66764)	2/7/2001 1:35:51 AM
From: Tim Luke	Respond to of 122087

damn..looks like no xmas card for tony this year from tok

To: Devin123 who wrote (66764)	2/7/2001 2:24:14 AM
From: Anthony@Pacific	Read Replies (2) \| Respond to of 122087

Stock Picker Tokyo Joe Reaches Agreement With SEC, Journal Says Washington, Feb. 7 (Bloomberg) -- Tokyo Joe, an Internet stock pundit, has agreed to return about $750,000 of his trading profits as part of a settlement of securities-fraud charges brought by the Securities and Exchange Commission, the Wall Street Journal reported, citing people familiar with the matter. The SEC has originally sought as much as $2.25 million, the paper said, citing another person familiar with the matter. Thomas Szromba, the SEC lawyer handling the case declined to comment. Tokyo Joe, whose real name is Yun Soo Oh Park, will neither admit nor deny wrongdoing as part of the settlement, his lawyer, Ira Lee Sorkin said. The SEC's suit against Tokyo Joe, filed in January 2000 in a Chicago federal court, was closely watched because Tokyo Joe had no securities industry experience and made stock tips on Internet message boards, the Journal said. While Tokyo Joe became a something of a folk hero because stocks he recommended often rose, the SEC said he was a stock manipulator, who defrauded investors on at least 10 occasions by failing to reveal that he bought the stocks before recommending (WSJ 2/7) For the Wall Street Journal's Web site, see WWSJ <GO> . --Samantha Zee in the San Francisco newsroom (415) 743-3583, or at szee@bloomberg.net/cs Story illustration: For graph of Bloomberg U.S. Internet Index, see: BUSNET <Index> GPCT <GO> .