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Microcap & Penny Stocks : ICVI (now MTEI) -- Ignore unavailable to you. Want to Upgrade?

To: Moonglow who wrote (5224)	5/31/1998 1:19:00 PM
From: Janice Shell	Read Replies (3) \| Respond to of 11850

Because of the practical issues involved, the SEC doesn't go after people who trade on information contained in online rumors. They do, however, have a division called the "Cyberforce" which monitors threads. I think that they're mostly interested in genuine insiders with flapping mouths. But on the other hand, were Bill Gates to call me tonight and confide that MSFT would be announcing a 10:1 split on Tuesday, and I broadcast that info, I could indeed get into trouble. Better safe than sorry. (Though Bill would get into even MORE trouble; maybe it'd be worth it...)

To: Moonglow who wrote (5224)	5/31/1998 2:46:00 PM
From: LegalBeast	Respond to of 11850

OOH, I have to jump back in on the hypothetical about the college son coming home with the info ... There is a rebuttable presumption that the information came from the Dad in that case. Even though there is a good defense, it is a tough defense because with a presumption, the Dad would have to have a very good story about how he was unable to relay the information. Like shipwrecked on a desert island during the time in question maybe! If he could have told, the cards are stacked against him.