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To: ROSARIO who wrote (3776)	6/29/1998 6:30:00 PM
From: DianaX	Respond to of 43774

sfgate.com.

To: ROSARIO who wrote (3776)	6/29/1998 6:35:00 PM
From: DianaX	Respond to of 43774

"Internet investment fraud. The SEC says it relies primarily on tips and complaints from outsiders to advise it of possible Internet abuses. But it also has begun assigning staffers to monitor some chat rooms and bulletin boards. Stark concedes that the SEC can never fully scope out the Internet's ''infinite territory.'' The NASD is spending millions of dollars to create a computerized Internet surveillance program called Netwatch. The rollout is scheduled for this summer. Netwatch will try to detect unjustified hyping or bashing of stocks by brokerage firms and their employees, over whom it has disciplinary authority. Once Netwatch is up and running, NASD's computers will continuously scan the bulletin boards on the most-popular investment Web sites. Bulletin boards lend themselves to this kind of surveillance because the postings remain accessible for long periods of time."

To: ROSARIO who wrote (3776)	6/29/1998 6:38:00 PM
From: DianaX	Respond to of 43774

>>>Chip: Thanks for posting the San Francisco Chronicle article. They point out some illegal activities. The last part of the article is most interesting and possibly most relevant to DGIV. I thought I would post it again. The authors review some of the things that are illegal. These apply to those investing and posting on message boards on the internet. Investors cannot: -- Disseminate information about a company that you know to be fraudulent. Doing so could result in a fine or even imprisonment. -- Claim to be someone they aren't. Internet chatters sometimes pretend they are company officers or others with inside knowledge. That too is a crime. -- Spam. If you bombard a lot of bulletin boards with a lot of messages saying essentially the same thing about a stock, you could be accused of illegal market manipulation. c1998 San Francisco Chronicle <<<<

To: ROSARIO who wrote (3776)	6/29/1998 6:47:00 PM
From: DianaX	Read Replies (2) \| Respond to of 43774

>>>>Average investors -- those who aren't brokers or company insiders --can be enthusiastic about stocks they own in chat rooms and on bulletin boards. Sincere, optimistic comments like, ''I'm glad I bought Intel at 70 and I bet it goes to 90 soon,'' are protected by the constitutional right to freedom of speech. But hyping or bashing a stock unjustifiably, or deliberately spreading false information, could bring the authorities down on your head. Investors cannot: -- Disseminate information about a company that you know to be fraudulent. Doing so could result in a fine or even imprisonment. -- Claim to be someone they aren't. Internet chatters sometimes pretend they are company officers or others with inside knowledge. That too is a crime. -- Spam. If you bombard a lot of bulletin boards with a lot of messages saying essentially the same thing about a stock, you could be accused of illegal market manipulation.