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To: 10K a day who wrote (834)	6/9/2001 5:52:18 PM
From: CountofMoneyCristo	Read Replies (1) \| Respond to of 1016

There's the old impristine. LOL! I disagree but a way with words you surely do have. MMs are no saints. The point is this, simply: telling paying members you are calling stocks so they turn out well and maybe you get more members because of your record, but then making deals under the table cutting and kicking back commissions between yourself and brokers and then going ahead and making a million calls - instead of just the few which you know are likely to win - every day so the commissions rocket. Traders get blown out trying to scalp stocks while the sites and brokers rake it in. Dishonest dealing like the above is why brokers are required by law to disclose deals like this, and why further it is illegal to make deals with anyone who doesn't have a license (it's also illegal to make these deals with someone who does have a license if you don't disclose the deal). The point is disclosure. Any day trader who knows a site's main business is churning stocks for commissions is going to view all the Investment Advice given their in an entirely different light: all the "training, the "education," the "seminars," the recommendations. This is why there are disclosure laws and why these sites and brokers are in violation of the law, and have been for years. It's not a cloudy or ill-defined area of securities law, either. It is very clear: you make deals that might affect investors then you are required to disclose them. That's why brokers who accept order flow have to disclose that on account applications. Without that they would be in violation of the law, too. You wonder why Congress calculated the average day trader trades 29 stocks a day? This is why, and it is an unreal racket. O.