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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?


To: Douglas Lapp who wrote (13474)9/27/1998 7:07:00 AM
From: Sawdusty  Read Replies (1) | Respond to of 34075
 
"Colleen what he is saying is that Metals promoted GE FOR A FEE AND LEFT
SHORTLY AFTER SELLING. Of course what he has done is totally legal"

It is unlawful "to publish... or circulate any notice, circular, advertisement... or communication which,
though not purporting to offer a security for sale, describes such security for a consideration
received or to be received, directly or indirectly, from an issuer... without fully disclosing the receipt,
whether past or prospective, of such consideration and the amount thereof."

The latest proclamation from Securities and Exchange Commission Chairman Arthur Levitt? A
recently enacted law from the U.S. Congress? Think again. The above passage is contained in
Section 17(b) of the Securities Act... written in 1933!

In plain English, publishers that have been compensated in any way for discussing a stock -- even if
it is not to be construed as "investment advice" -- must disclose this fact, as well as the form and the
amount of the compensation.

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