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overachiever

12/21/07 12:03 PM

#96533 RE: was StockSniper #96532

This is what is probably coming next year for all the non reporting scams including this one:

The proposal that is on the table would have the NASD divide the nonreporting stocks into 5 categories. The bottom two categories would have their certs ordered out and all NASD members would refuse to trade them. The idea behind this is to force the scammers to report or find their securities untradable except through private transaction.

This would be completely legal and if a scammer then reported false information, he could be easily be prosecuted Altomare or Swanson Style