To: Anthony@Pacific who wrote (78015 ) 6/6/1999 2:20:00 PM From: JEB Read Replies (1) | Respond to of 119973
That is reassuring, thank you. I do, however see a true dichotomy in your Internet presence. Your company purports to investigate companies and other individuals for securities infractions. This information is then passed on to the SEC. You also are the head of an investor group. The work you say that you are doing for the SEC worries me. I see it as being fraught with conflict. I would rather see you be either the head of an investor group or an investigator for the SEC, not both. You see it is too easy to allow the power, that you appear to have, to become corrupted and use it in non-productive ways. Here's a hypothetical scenario: If you were to tell your group of investors that XYZ Company looks like a good stock to short and they did short it. Then another competing investor group decided to go long XYZ company, then feasibly you could investigate your competitor to take their minds off the trade and demonstrate to the competitor investor group that they should never go against your calls. Therefore you would have corrupted the very system you have so nobly professed to create for the purpose of removing the criminals from these threads. I would hate to see this scenario happen but I see this power, bestowed from your association with the SEC, to be an absolute power over all other investors. Creating an atmosphere of fear with the average investors rights to free speech. I am sure you are well meaning and this is not your intention but please remember that absolute power corrupts absolutely, time and time again. I very much doubt the SEC would want to be part of this hypothetical scenario. You will have to be vigilant towards your own actions to not allow this kind of scenario to happen. I would prefer to see you choose between the two jobs and work one job only, not both. That would be the best choice you could make in my opinion. The light speaks of clarity of purpose and choosing the best road to travel. The dark whispers of confusion, malevolence, and destroying the roads. Which will you choose the dark or the light? Sincerely, JEB