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To: TraderGreg who wrote (2793)9/19/1998 12:23:00 AM
From: Cytotekk  Respond to of 7609
 
I guess you haven't been paying attention to the latest, trendy SEC area of interest.

They may not be worried about an enthusiastic Joe Schmoe poster but they may want to know whether Joe has any connection to the company about which they are yelling, BUY, BUY, IT'S A BARGAIN AT THIS PRICE.
Some of what is discussed on SI threads could also be considered an attempt at stock manipulation. SEC does not like that. They have a mandate to protect the investing public, even if we go broke while they are doing it.

I have in my file the proposed new rules governing BB stocks and MMs. I also have related articles stating that at approx.80% of BB stocks are a scam of one degree or another. I particularly like the article that discusses that the mafia is big into creating shells and then promoting the heck out of the stock. A con game so to speak.

The world of BBs is regarded by the SEC as the last poorly regulated frontier, the wild, wild, west in need of taming. And they just got their budget increased to start a crackdown.

Scoff all you want TG, but remember me every time you read of a BB crackdown and cyberposters true identities being supeonaed (sp) by the SEC.

You and I do not need to worry, but there are those on SI who should.

Cytotekk.




To: TraderGreg who wrote (2793)9/19/1998 4:56:00 AM
From: chris of nyc  Read Replies (2) | Respond to of 7609
 
I've got to agree with u TG. SEC has more important things to do than investigate everyone's opinions. REMEMBER, unless u spread a rumor, opinions are not federal offenses.

Also, it's not that easy for the SEC to just pull names from SI.