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To: S. Samblis who wrote (943)1/4/1999 9:16:00 PM
From: StockDung  Read Replies (1) | Respond to of 2664
 

17-b- law.uc.edu

It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, 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, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof.



To: S. Samblis who wrote (943)1/4/1999 9:18:00 PM
From: StockDung  Respond to of 2664
 
Insufficient Disclosure - insufficient or no information at all is provided to allow the reader to determine that a fee was paid for the "story" or research.

Blanket Disclosure - one disclaimer fits all the companies discussed in a publication or web site; reader is not informed whether the disclaimer applies to all, some or none of the companies
Identifiable Disclosure - a disclaimer accompanies each story about a specifically identified stock; better than blanket disclosure but still falls short of the SEC required description of compensation

Full Disclosure - individual disclaimers for each company profile, including the form and amount of all compensation received by the publisher; meets guidelines established in Section 17(b) of the Securities Act of 1933