| SEC shuts down trading for 35 companies due to spam
The U.S. Securities and Exchange Commission (SEC) has suspended trading for 35 companies that allegedly benefited from spam e-mail campaigns to hype their stocks. The SEC action Thursday is the most suspensions of companies with stock hyped in spam, the SEC said in a news release. The suspensions, which will last for 10 business days, are part of a stepped-up SEC effort called Operation Spamalot aimed at protecting investors from potentially fraudulent spam campaigns hyping small-company stock, the SEC said. The e-mails used phrases such as “ready to explode," “ride the bull" and “fast money." The 35 companies have been quoted on the Pink Sheets over-the-counter stock service. They are not listed on any exchange or on the OTC Bulletin Board, the SEC said. The SEC estimated that 100 million such stock-trading e-mail messages are sent each week, often triggering dramatic spikes in share prices and trading volumes before the spamming stops and investors lose their money, the SEC said.
Financed Medical Care: Only Fair
This is the only sustainable way to bring down the high costs. Finally, the myth that large numbers of patients are being forced into bankruptcy due to medical expenses is simply not true. Recently (July 2007), Todd Zywicki, Professor of Law at George Mason University School of Law, testified to the U.S. Congress that this was simply not the case. His three central points were: 1) "There is No Evidence That There Has Been An Increase in the Frequency or Severity of Job Loss or Income Interruption as a Result of Health Problems" 2) "There is Little Evidence That Medical Debt Is a Major Causal Factor in Bankruptcy Filings" 3) "[T]here is no evidence that lack of medical insurance is a major causal factor in bankruptcy filings." His testimony is available online at: http://mason.gmu.edu/tzywick2/Medical%20Bankruptcies%20Testimony%20July%2017%202007.doc.
'Racetrack Girls' founder says stock scheme sank video venture
NOTE: Click on numbered footnotes to view sourcing for this report. KEMP, Texas – In this Kaufman County ranching town between Gun Barrel City and Styx, up a gravel driveway at a baseball field, amid the flies and the July heat, John Eckerd digs through a burnt orange Dumpster. 1 .
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