Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (19022)	3/3/1998 2:30:00 PM
From: Andreas	Respond to of 97611

Many years ago I worked for a state equivalent to the SEC. As a neophyte fresh out of law school my job entailed reviewing offering circulars - along with several other people. On occasion, and in an effort to expedite approval of the registration statement, attorneys representing the issuer would strike up a dialogue with the examiner assigned the particular offering and attempt to create a positive relationship. Every now and then (albeit rarely), gifts were offered. After all time was money - big money. A delay in the approval of a registration statement could cost dearly. It was however, obvious to me and others that inside information flowed freely and on more than one occasion I was privy to certain state employees acting on this information for their own benefit prior to these facts being made known to the public. In the final analysis anyone who's life has brought them within any of numerous segments of the securities industry will know that trading on inside information is where it's at - in terms of making big bucks. The SEC chairman's comments are right on.