12 March 2007

Spammers Get Shut Down by the SEC

The stock scams that spammers use can actually raise the market price of the stocks, and the SEC has decided to do something about it. As a result of this, they have decided to freeze the trading of these stocks. I'm glad. I really hate spammers; I think that they should get substantial jail time. This is probably just a drop in the bucket, but I'm hopeful that the SEC will eventually put a stop to this stuff. From this link, there are some interesting (I think anyway) links to more information about regulations that have to be followed, etc. when a broker starts allowing people to trade on these stocks again.

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