S. Hrg. 106-137: Securities Fraud on the Internet: Hearings before the Permanent Subcommittee on Investigations of the Committee on Governmental Affairs United States Senate One Hundred Sixth Congress First Session, March 22 and 23, 1999   [open pdf - 3MB]

S. Hrg. 106-137: This hearing addresses securities fraud on the internet. Testimony comes from victims of Internet securities fraud, from Federal and State regulators, the General Accounting Office, the founder of a popular on-line financial forum, and the author of the book Securities Regulation in Cyberspace.'' Their testimony will examine the types of fraud perpetrated in cyberspace. They will also discuss what it is about this new medium, the Internet, that dramatically accelerates the commission of fraud and how perpetrators of fraudulent schemes infiltrate on-line bulletin boards, chat rooms, and newsletters, as well as using mass E-mails to seek out unwary investors. The hearing also addresses ways for consumers to protect themselves against these on-line scams, whether or not adequate consumer education programs are in place, and whether Federal and State law enforcement efforts to combat securities fraud on the Internet have been effective. Statements, witnesses and submissions: Susan Collins, Carl Levin, John Edwards, Galen O'Kane, Kristin Morris, Tom Gardner, Howard Friedman, Richard Hillman, Richard Walker, Peter Hildreth, and G. Philip Rutledge.

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S. Hrg. 106-137; Senate Hearing 106-137
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