The Securities and Exchange Commission

[thepennyking]

ASIC Reportedly Has Launched Research Project To Automate Detection of Online Securities Scams
On February 3, the Australian Securities and Investments Commission launched what is said to be the "largest language technology research project ever initiated in Australia" to develop an automated system to detect online securities scams. The initiative, called ScamSeek, reportedly will constantly search for Web sites that involve securities scams and will match information gleaned from such sites against public and private databases and alert authorities to sites that require further analysis.