Die SEC hat heute 24 Managing Directors von Salomon Smith Barney verhaftet

nach dem Downgrade von Analyst Jonathan Joseph,weil diese die herabgestuften Firmen kurz nach der Bekanntgabe aufstockten.             NEW YORK (DOW.NW) The SEC today arrested 24 Managing Directors at Salomon Smith Barney and charged  
them varying counts of stock price manipulation, fraud and conspiracy. These charges stem from an ongoing investigation
that concluded after  
Wednesday`s “downgrades” by SSB semiconductor analyst Jonathan Joseph. Late on Wednesday, Salomon Fund  
Managers started accumulating the same stocks (semiconductors including TXN, AMD, NSM, and SSTI) Joseph
downgraded earlier in the day according  
to SEC officials.  

“According to internal documents, Salomon Smith Barney Mutual Fund Managers and High-Net-Worth clients were  
instructed to wait until after this announcement before adding to their positions [in semiconductor stocks]” said SEC
regulator Jack Lasardi.  

“Around 1:00 pm EST on July 5th, just hours after the downgrade, [SSB] clients and Fund Managers began heavy  
buying within the [semiconductor] sector.” He went on to state that “this is one of the most flagrant abuses [the SEC] has
seen.”  

Each person arrested could potential face over 25 years in prison and up to 3x monetary damages under Federal  
Racketeering Laws. These charges come amid an increasing number of complaints filed by individual investors regarding
market manipulation at the  
SEC Web site  
(www.sec.gov ).  

Salomon Smith Barney issued the statement saying, “All of our conduct was in full compliance with the law. These  
allegations are baseless and unfounded.”  

US Bancorp`s Ashok Kumar agrees that the charges are unfounded. He noted “of course they did nothing wrong.  
That`s just the way you play the game. If analysts got arrested every time we intentionally manipulated the price of a stock,
we`d all be in jail!  

Saying that analysts are low-life criminals is a bit of a reality stretch – don`t you think?”  

Others weren`t so quick to dismiss the magnitude of today`s events. “This landmark case could bring about major changes in
the industry,” remarked legal  
analyst Terry Cohn. “Some regulators are pushing for `matching ratings` that would more strictly address the so-called
`pump and dump` tactics
Dies bestätigt mal wieder,dass es an der Börse durchaus nicht immer ganz koscher zugeht und man fragt sich,wann unsere Börsenaufsicht endlich gegen ähnliche Praktiken vorgeht.

TARGET=_blank>messages.yahoo.com/...rd=4687924&tid=ssti&sid=4687924&mid=9574

SEC Arrests 24 at Solomon Smith Barney

July 6th 2000

NEW YORK (DOW.NW) The SEC today arrested 24 Managing Directors at Salomon Smith Barney and charged them
varying counts of stock price manipulation, fraud and conspiracy. These charges stem from an ongoing investigation that
concluded after Wednesday's “downgrades” by SSB semiconductor analyst Jonathan Joseph. Late on Wednesday, Salomon
Fund Managers started accumulating the same stocks (semiconductors including TXN, AMD, NSM, and SSTI) Joseph
downgraded earlier in the day according to SEC officials.

“According to internal documents, Salomon Smith Barney Mutual Fund Managers and High-Net-Worth clients were
instructed to wait until after this announcement before adding to their positions [in semiconductor stocks]” said SEC regulator
Jack Lasardi. “Around 1:00 pm EST on July 5th, just hours after the downgrade, [SSB] clients and Fund Managers began
heavy buying within the [semiconductor] sector.” He went on to state that “this is one of the most flagrant abuses [the SEC]
has seen.”

Each person arrested could potential face over 25 years in prison and up to 3x monetary damages under Federal
Racketeering Laws. These charges come amid an increasing number of complaints filed by individual investors regarding
market manipulation at the SEC Web site ( www.sec.gov ).

Salomon Smith Barney issued the statement saying, “All of our conduct was in full compliance with the law. These allegations
are baseless and unfounded.”

US Bancorp's Ashok Kumar agrees that the charges are unfounded. He noted “of course they did nothing wrong. That's just
the way you play the game. If analysts got arrested every time we intentionally manipulated the price of a stock, we'd all be in
jail! Saying that analysts are low-life criminals is a bit of a reality stretch – don't you think?”

Others weren't so quick to dismiss the magnitude of today's events. “This landmark case could bring about major changes in
the industry,” remarked legal analyst Terry Cohn. “Some regulators are pushing for 'matching ratings' that would more strictly
address the so-called 'pump and dump' tactics.”

__________________________________________________
The above accounts in the story are fictional – at least the parts about the SEC taking action. The story was made to illustrate
the deeply seeded corruption in our capital markets.


Are we really to believe that SSB will be investing less in the semiconductor sector? Does Joseph really believe that flash
memory sales have any chance of slowing? No Way. I'm not sure if SSB fund managers bought semi-stocks on Wednesday,
but I sure would like to know! We need a stock price manipulation investigation NOW!

In general, I hate when the government gets involved with ANYTHING because they ALWAYS screw it up. But since our
tax dollars already pay for an SEC, they should more vigorously enforce the laws already on the books.

Pump and dump = illegal
“Officially” Downgrade a stock, then buys more = illegal

Perhaps with fed-up investors voicing their opinions to the SEC, these regulatory abuses will be properly investigated and
prosecuted. If you too are fed up with "pump and dump" and "Downgrades so funds can load up at lower prices" then
contact the SEC here: www.sec.gov/consumer/compform.htm
and let them know!
The USA: A government for the people, by the people!


JMHO

Beachtet bitte den Satz unter der durchgezogenen Linie
gruß doc ad hoc