From: Louis E. Catron
Ms. Nancy Morris
Dear Ms. Morris,
Like, I imagine, thousands and thousands of citizens, I have been deluged with spam promoting purchase of penny stocks. Apparently these are classic "pump-and-dump" messages designed to con us into buying the stock, thereby creating a market, increasing the stock's value, so the spammer can sell at a major profit. That will depress the market and all who fell for the spammer's scam will lose large amounts of money.
We are receving DOZENS AND DOZENS of this spam, clogging our e-mails to the point the server stops receiving new messages for us. The flood of spam takes up valuable bandwith from legitimate business. It takes us valuable time to delete, delete, delete. Today alone we received TWENTY-TWO pieces of it so far. Yesterday I think we got FORTY-EIGHT, perhaps more. This has been a pattern for weeks.
The spammer appears to be extremely well-organized, as well-organized as major mobs like the Mafia and no less malicious. A search to find the source of the spam shows that they come from a wide variety of ISPs.
If this spam is coming from company officials, then surely the SEC must take action.
If this spam is coming from outside sources, again, surely the SEC must take action.
It is my understanding that the SEC is considering taking action and you have a SEC File No. 4-519.
Please. PLEASE use all of your resources to track down the spammer, uncover his identity, and prosecute him to the fullest extent of the law. When you do, please inform the American public of your action.
If you need stronger laws, please seek them immediately.
Please protect the investing public.