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Microcap & Penny Stocks : Short Term Picks From the 'Whiz' Kid -- Ignore unavailable to you. Want to Upgrade?

To: wlheatmoon who wrote (5315)	3/16/1999 8:15:00 PM
From: Jim Bishop	Read Replies (1) \| Respond to of 9115

From Money Mag April: Message 8278501 <<Can what Joe Park does be legal? Probably, say securities law experts, including one senior federal enforcement official who spoke privately. According to Ira Sorkin, a leading New York City defense lawyer and a veteran of both the SEC and the U.S. Attorney's office for the Southern District of New York, a tipster like Park is likely in the clear as long as he discloses his holdings to his subscribers. Because he is neither a registered securities dealer nor a certified financial adviser, Park is for legal purposes essentially a publisher of financial information. As a result, he has all the protections of the First Amendment and is subject to none of the regulation to which financial pros must submit. Which means that anyone following his advice has no legal right to expect Park to be bound by a fiduciary duty to anything but his own wallet. “Anyone who wants to make an investment on that basis;' Sorkin says, “God bless them.”>>