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Pastimes : MANIPULATION IS RAMPANT --- Can We Stop It? -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (278)	5/23/2002 10:55:42 AM
From: Monty Lenard	Respond to of 589

Merrill reached a $100 million settlement Yes but here is my problem. I know 100 m is a lot of money but no where near what they made on their crooked shennagins. Monty

To: Dave Gore who wrote (278)	5/23/2002 5:30:24 PM
From: Dave Gore	Read Replies (1) \| Respond to of 589

CNBC Guest Today --- If we want change, we will get it Jack Vogle, the wise sage behind Vanguard Securities, stated on CNBC today that "If people want change [for the better], they'll get it." That's true, if investors speak out about manipulation, lousy enforcement of current laws, inequities in the stock market, loopholes in accounting, etc. the changes will come. The media will even make the case for us if they think it will help improve their ratings.

To: Dave Gore who wrote (278)	5/24/2002 6:00:30 PM
From: id	Read Replies (2) \| Respond to of 589

here is an interesting snippet from: usagold.com The Securities and Exchange Commission may not be as sleepy as it's looked lately. Outmaneuvered by savvy New York Attorney General Eliot Spitzer, who wrestled Merrill Lynch into a $100 million settlement to drop charges against its two-faced analysts, the SEC has a score to settle. And analysts could soon feel the brunt of SEC ire. The SEC's enforcement group is looking at analysts who traded against their own recommendations, a top flight legal eagle and securities law professor said. The SEC began a formal inquiry into market practices concerning analysts' conflicts of interest on April 25 and sources familiar with the agency say that analysts' trading practices are in the cross-hairs. "Analysts who recommend a stock and then dumped their own shares could be brought up under anti-fraud provisions," explained Coffee. Analysts trading for their own accounts contrary to their recommendations - for example, selling shares or shorting shares when they publicly gave the company the highest ratings - were discovered by the SEC during an initial inquiry into analysts' conflicts conducted last summer by then acting-SEC commissioner Laura Unger. id