Time to Crack Down on Financial Pornography
By Gene Marbach
A day doesn’t pass when I don’t find some scammy thing in my e-mail box, touting some unknown stock with the promise of outsized gains (Ed. Note: I’m still waiting for that Nigerian prince to wire me that $25 million he promised). Worse yet is when I get calls from operators of such sites offering to interview my client, write a report or do some kind of e-mail blast to nine bazillion investors eagerly waiting for what could be the next Apple, all for an outrageous fee, of course. While there are legitimate sites for investors as well as acceptable uses for e-mail, I believe that it is time to put these less than reputable operators out of business. Perhaps, there should be some type of registration or licensing process. Yes, I’m aware of the disclaimers typically buried on the site in small type; however, I believe that more needs to be done to stamp out "financial pornography..."
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