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To: The Philosopher who wrote (60486)	9/15/2001 5:52:32 PM
From: jhild	Respond to of 71178

The SEC surely has the power to freeze any profits made in US markets. Clearly it is an improper use of non-public information. At the very least it should be a violation of 10b-5: Rule 10b-5 -- Employment of Manipulative and Deceptive Devices It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce, or of the mails or of any facility of any national securities exchange, a.To employ any device, scheme, or artifice to defraud, b.To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading, or c.To engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person, in connection with the purchase or sale of any security. But alas I understand that some of this shorting has occurred in foreign markets like Germany and Japan. Couple that with the fact that stocks like Munich RE (one I understand was shorted) doesn't seem to trade in US markets. The best shot then is to freeze assets wherever they can be found.