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To: jhild who wrote (10888)	10/29/1998 4:21:00 PM
From: Fred Ragan	Respond to of 11684

TO ALL: From CMGI thread: To: Bateman (2506 ) From: Scarecrow Thursday, Oct 29 1998 9:31AM ET Reply # of 2517 Interesting reading from this morning's WSJ. This message has the relevant excerpts. I'll post the whole article in next message: ======================================== From this morning's WSJ… SEC Targets Stock Promoters In a Sweep of Internet Fraud By JASON ANDERS and CARRIE LEE THE WALL STREET JOURNAL INTERACTIVE EDITION … SEC's investigation targeted online investment newsletters and Web sites that touted stocks in exchange for cash or stock from the companies they were promoting. The SEC requires stock promoters to disclose whether or not they were paid, how much they were paid and the source of the compensation. In many cases, the promoters failed to adequately disclose that they were being paid, the SEC said. In others, the SEC alleged, they provided false information about the companies they promoted. … He said of the 23 cases brought, five involved posts on Internet message boards and 20 involved the use of Web sites to tout securities. He said that 19 cases involved the use of online investment newsletters, which sometimes included dubious research reports… … A spokeswoman for Silicon Investor (www.techstocks.com), a popular Internet discussion forum, said the service has received about 10 subpoenas in the last few months from the SEC. "That's certainly a lot higher than we used to get, which was about one every six to 12 months, and even then they weren't always from the SEC," said company spokeswoman Jill McKinney...

To: jhild who wrote (10888)	10/29/1998 8:55:00 PM
From: ~Owl	Read Replies (1) \| Respond to of 11684

A speedy response. After exchanging a flurry of emails, I talk with a law student already aware of the case and quite willing to help, tomorrow afternoon. A cheap haircut is, hopefully, not an apt metaphor. Thanks, again, jhild.