Saturday, March 10, 2007

SEC Suspends Trading Of 35 Companies Touted In Spam Email Campaigns

Washington, D.C., March 8, 2007 - The Securities and Exchange Commission this morning suspended trading in the securities of 35 companies that have been the subject of recent and repeated spam email campaigns (see examples). The trading suspensions - the most ever aimed at spammed companies - were ordered because of questions regarding the adequacy and accuracy of information about the companies.

The trading suspensions are part of a stepped-up SEC effort - code named "Operation Spamalot" - to protect investors from potentially fraudulent spam email hyping small company stocks with phrases like, "Ready to Explode," "Ride the Bull," and "Fast Money." It's estimated that 100 million of these spam messages are sent every week, triggering dramatic spikes in share price and trading volume before the spamming stops and investors lose their money.

"When spam clogs our mailboxes, it's annoying. When it rips off investors, it's illegal and destructive," said SEC Chairman Christopher Cox. "Today's trading suspensions, and actions that will follow, should send a clear message to spammers: the SEC will hold you accountable."

----$$$=>> Wonderful! Thank YOU SEC! (I never thought I'd be thanking the SEC on my blog...) I personally get dozens of these messages a day. They have snappy titles that have nothing to do with the content and they are very good at using odd combinations of letters to thwart most spam filters. I delete cookies I don't recognize as being useful to me and make sure I don't have any hidden tattle-tale files on my computer and I've almost completely eliminated the "how to grow bigger boobs" to go along with my "bigger cock" that for some reason they are SURE I've got, but I can't make a dent in the "stock market" of spam. I sure hope this helps! Then the only thing I'd have to content with is that A-hole Nigerian that wants to let me share in the gazillion dollars being held in a bank account just waiting for someone with SUCKER written across their puss!

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