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Strategies & Market Trends : Due Diligence - How to Investigate a Stock -- Ignore unavailable to you. Want to Upgrade?

To: EL KABONG!!! who wrote (200)	4/21/1999 5:56:00 AM
From: EL KABONG!!!	Read Replies (1) \| Respond to of 752

Good report on the SEC in the May, 1999 issue of Smart Money magazine. Authored by Robinson G. Clark, it's titled "Ten Things the SEC Won't Tell You". I'll briefly outline it below... 1) "We're overwhelmed" discusses the SEC budget (or more properly, the lack thereof), and the increase in demand for its' services... 2) "We're a political football" is about Congressional priorities... 3) "Our talk is cheap" reports on the SEC's disdain for regulating reform... 4) "We put the fox in charge of the henhouse" discusses the SEC's lack of actions, preferring to delegate authority to the stock exchanges... 5) "Our arbitration system favors the big boys" shows why the small investor gets the short end of the stick in arbitration... 6) "We allow insider trading - every day" reports on the special information releases given to analysts and institutions at the specific exclusion of the small investor... 7) "The internet befuddles us" is self-explanatory. Did anyone know that the SEC has only 3 full-time staffers in their Internet Enforcement Office? 8) "We make stock fraud too easy" reports on the lack of microcap rules and how rules inhibit company growth... 9) "We'll steamroll shareholders when we have to" discusses how the interests of small investors takes a back seat to the interests of small businesses... 10) "Kickbacks? We look the other way" is about the unethical activities that occur daily within the brokerage houses and exchanges... Very good reading... KJC