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Strategies & Market Trends : Banned.......Replies to the A@P thread. -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (1072)	12/21/2004 3:12:11 PM
From: ravenseye	Read Replies (2) \| Respond to of 5425

As you know, I don't believe you and don't follow your antics as much as you may think. It is alleged you excepted money from 300 people for your sell recommendation reports but as you know the U.S. Securities and Exchange Commission requires people who are compensated for recommending securities to more than 15 people to register with the agency. Why didn't you register with the SEC? You also issued press releases that can still be found on Google. Will SEC Show Any Interest in TheTruthSeeker.com? A 42-year old mortgage bank executive in New Jersey who operates a Web site reportedly intended to identify stocks that the publisher of the site deems hyped or overvalued may have received more publicity than he bargained for. On November 2 the Wall Street Journal Interactive Edition reported that the owner of the site, Floyd Schneider, publishes "The Truthseeker Report" at truthseeker.com and that 300 people pay for the report at a cost of US$9.95 per month. According to the article, by Aaron Elstein, "ecause of the surge of interest in his postings and stock recommendations [on message boards including those at Silicon Investor], he decided to publish the online newsletter featuring his stock research." The article also states: "Mr. Schneider isn't registered as an investment advisor with any regulator. However, the U.S. Securities and Exchange Commission requires people who are compensated for recommending securities to more than 15 people to register with the agency. Mr. Schneider says he's never been paid to do research by anyone and the amount he collects from selling his newsletter doesn't cover his costs to prepare and distribute it. A spokesman for the SEC declined to comment on Mr. Schneider's activities." See Aaron Elstein, Banker Is on a Mission To Become 'Truth Police', Wall St. J. Interactive Ed., Nov. 2, 1999 interactive.wsj.com (paid subscription required). realcorporatelawyer.com