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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (16945)	2/3/2006 10:18:49 AM
From: rrufff	Read Replies (1) \| Respond to of 19428

This is a good first step but I agree with the comment that it is band aid on top of a problem that needs a broader approach that should come from Congress. The need is to regulate and have effective (and efficient)disclosures, as well as registration, for all these funds, including those that are domiciled overseas but solicit in the US, as well as those that transact business that affects our markets in whatever way. This would require a re-write of the SEC acts, and treaties, that would need negotiation with our "partners." This would also be positive for those who advocate changes in the scammy nature of penny stocks, including insider dumping, toxic financing, MM manipulation, etc.