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To: HRAKA who wrote (15647)6/24/1998 9:38:00 PM
From: ANALYST10  Read Replies (1) | Respond to of 50264
 
Absolutely, but it would be impossible to fix.

Its like tax law, they close one hole, the tax lawyers open another.
Becaus they are better at it. I am not putting down civil servants but when you put an IRS professional against a $400 NY lawyer well never mind I have my opinions and thats another subject in itself.

Somebody privately asked a good question, can the company continue to make wild press releases and not suffer retribution for them. Unfortunately there is so much abuse out there that they can never get to all of them or even a fraction of them. You rarely read about these high profile cases.

The regulators as well as the NASD put out bulletins regularly about fines and sanctions. One day I will publish some of them for you to read or I will find out if they are available on line, if you read them you would shake your head. There was one last month about a firm that is a household name that I won't mention here and they were able to manipulate an index by manipulating ta number of stocks underlying the index which caused in my estimation billions where they said hundreds of millions. The culprits got a slap on the hand and if I remember correctly a 30 or 60 day suspension. So that should answer your question. Is it fair no, but unfortunately this is what we got