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

To: mmmary who wrote (81072)	10/17/2002 9:58:29 PM
From: Matt Brown	Read Replies (7) \| Respond to of 122087

Mind if I ask a question here? (I'm asking seriously, I have no intentions over debating Mary this or Matt that) Everybody always get excited when someone gets nailed by the SEC. Take ECNC for example. They got nailed finally, after many many people got burned and people had been e-mailing the SEC for years. Then they finally did something. But in reality, they did nothing. None of the investors got anything but a tax write-off and the guy who pulled the whole thing got a letter saying "Don't do that again." .... So guess what, he does it again. And he gets nailed again. Same thing. "Don't do it." And, last I checked the stock is still trading at the guy is still the CEO. (I could be wrong on this last techincality, I haven't looked in a long time) But my point is, the SEC doesn't seem empowered enough to actually "do" something about the abuses of the very system that powers the entire US economy. If people get nothing but a handslap, and keep the money (or at least the majority), they haven't been hurt even in the slightest. IF anything, it encourages others to pull a scam/fraud/ponzi scheme. Do you think the SEC does enough or do you think they should be empowered to do more? Like put people behind bars for a long time for things like Tom Hughes did (versus a simple wrist slap).....For people that rip off millions and millions, give them the death sentence for all I care. They are scum.....I think they just need to start doing major things to even minor violations and I bet the crap would subside. Mary?