Erich (who deserves his last name attached, but did not include it) writes: “Regarding Internet investing scams, how about the SEC requiring web sites which give out investment advice to display a link that people could click that would give them information on avoiding investment fraud? It could be a link which would take people to a site at the SEC. The link could contain a list of frequently asked questions, a description of some of the more popular investment frauds and so on. It would not be very intrusive, yet it would provide an easy way to tell if a site is in compliance, because sites which did not display the link could be automatically deemed to be out of compliance. People might easily ignore such a link, but it is one of the more efficient, free-market and easily enforced ways I can think of to consistently remind investors to check the validity of investment advice.”
A.T.: If you like this idea – I do – why not print this out and mail it to:
Office of Investor Education
S.E.C.
450 Fifth St., NW
Washington, DC 20549
Or forward it to help@sec.gov.
If they’re looking for investment writers who would be happy to help assure that the link they develop is investor-friendly, I know some who’d be happy to do it free of charge.
