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To: Arnie Doolittle who wrote (12768)	2/27/1999 2:48:00 PM
From: J. Merlin	Respond to of 19109

SEC ANNOUNCEMENT>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> These new sweep cases involve a range of illicit Internet conduct including fraudulent spams, online newsletters, message board postings and websites. The allegations include violations of the anti- fraud provisions and the anti-touting provisions of the federal securities laws. The authors of the spams, online newsletters, message board postings and Web sites unlawfully touted more than 56 public companies, by either making "MISREPRESENTATIONS" about the companies or failing to disclose adequately the nature, source and amount of compensation paid by the touted company. The alleged creators of the fraudulent Internet touts purportedly provided "UNBIASED" opinions in their recommendations, while at the same time receiving more than $450,000 in cash and approximately 2.7 million stock shares and options for their services. In one instance, the fraudsters sold their stock or exercised their options immediately following their recommendations, a deceptive practice commonly referred to as "scalping."