InvestorsHub Logo
Followers 0
Posts 179
Boards Moderated 0
Alias Born 05/28/2005

Re: None

Wednesday, 06/15/2005 4:46:22 PM

Wednesday, June 15, 2005 4:46:22 PM

Post# of 4479
According to John Reed Stark, director of the Securities and Exchange Commission's Office of Internet Fraud in Washington, DC., the SEC's enforcement division has brought more than 140 actions involving Internet message boards over the past two years.

Credit Suisse First Boston filed a federal suit in New York City against 11 individuals for posting misleading and defamatory messages on chat boards about the brokerage firm. Some of these messages were of lesser gravity that what we are dealing with.

According to Mr. Stark, the SEC receives 200 to 300 emails daily regarding suspicious conduct and defamatory statements.

Regarding a poster hiding behind anonymity, he claims that sometimes it may take a little longer, however, all these messages leave all kinds of footprints and the SEC can generally track them down within 2 days.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.