1812 Brewing Company Inc (KEGS)

[VivaLasVegas]

SEC NEWS Alert: Read this, right off the wires.

http://www.marketwatch.com/news/story/sec-publish-data-help-investors/story.aspx?guid={4E44A215-CC29...


SEC tool aims to help investors avoid scams

By Robert Schroeder, MarketWatch
Last Update: 1:59 PM ET Sep 26, 2007
WASHINGTON (MarketWatch) -- Regulators are planning to unveil a new tool designed to help investors avoid questionable solicitations by unregistered companies, the Securities and Exchange Commission said Wednesday.
Through its Pause program -- short for Public Alert: Unregistered Soliciting Entities -- the agency will publish factual information on its Web site about unregistered companies that solicit investments. Those named have been the subject of complaints from investors and foreign securities regulators, the SEC said.
The SEC will take comments about the proposed program for 30 days.
Before posting information about the companies, SEC staff will have determined that there is either no U.S. registered securities firm with the company's name or that there is a registered firm with the same name but solicitations are coming from unrelated people.
Another list will name fictitious government agencies and organizations referred to by entities that are the subject of complaints, the SEC said.
"This encourages all investors to pause and determine whether an entity is properly registered with the SEC or located in the United States as claimed," said SEC Chairman Christopher Cox, in a statement.
"Ferreting out operators of boiler rooms and secondary advance-fee schemes that prey on innocent investors is a priority of this commission," Cox said.
The SEC says that a large number of investor complaints concern solicitations from entities that represent themselves as being inside the U.S. when in fact they operate outside the country.
Robert Schroeder is a reporter for MarketWatch in Washington.