SEC Chief Asserts Agency Can Tackle High-Tech Fraud.
Christopher Carey.
- St. Louis Post-Dispatch, 2004.
- SIRS Enduring Issues 2005. Article 36, Business, 1522-3191; .
Articles Contained in SIRS Enduring Issues 2005. Originally Published: SEC Chief Asserts Agency Can Tackle High-Tech Fraud, June 15, 2004; pp. n.p..
"Although the SEC [Securities and Exchange Commission] brought a record number of enforcement cases last year [2003], critics say it still is not doing enough to stop some types of fraud, such as the sale of dubious U.S. securities by unlicensed, offshore brokerages, known as 'boiler rooms.'" (ST. LOUIS POST-DISPATCH) This article discusses the role of the SEC in the prosecution of unlicensed boiler rooms and reveals where this government body has been lax.
1522-3191;
United States Securities and Exchange Commission
Actions and defenses Boiler room scams Internet--Investment use Investments--Foreign Organized crime Prosecution Securities fraud Stockbrokers