FOR IMMEDIATE RELEASE                             2001-65

      SEC and Regulators from Around the World Conduct a
                 Second International Surf Day
                               
                               
     Washington, DC, June 27, 2001 -- The Securities and
Exchange Commission announced today that on April 23, 2001 it
conducted a second International Internet Surf Day in
collaboration with members of the International Organization
of Securities Commissions (IOSCO).  This event represents the
continuing effort by securities regulators to detect and deter
securities violations occurring on the Internet, particularly
those involving cross-border activity.
     
     Thirty-eight regulatory authorities dedicated
approximately 300 staff members to surf the Internet for
fraudulent solicitation of investors, manipulation, the
circulation of false or misleading information and insider
trading.  Regulatory authorities collectively identified over
2,400 sites for follow-up review, with over 278 of the sites
involving cross-border activity.

     The SEC believes that cooperation with its counterparts
around the world is critically important to identifying and
combating illegal cross-border activity.  The second
International Internet Surf Day is an example of the
cooperative effort between the SEC and its counterparts aimed
at increasing investor protection and market confidence
worldwide.


For further information, contact: John Heine (202) 942-0020


Note to Editors:

List of participating  IOSCO members and their website
addresses:

                               
                                         Website Address
IOSCO Member Organisation                (www.)
---------------------------------------------------------
AUSTRALIA - Australian Securities and     asic.gov.au
Investments Commission

AUSTRIA - Austrian Securities Authority   bwa.at

BELGIUM - Commission Bancaire et          cbf.be
FinanciŠre

BRAZIL - Comissao de Valores              cvm.gov.br
Mobiliarios

CANADA - Ontario Securities Commission    osc.gov.on.ca

CANADA - Commission des Valeurs           cvmq.com
MobiliŠres du Qu‚bec

CROATIA - Croatian Securities             crosec.hr
Commission 

CZECH REPUBLIC - Czech Securities         sec.cz
Commission

CYPRUS - Cyprus Securities and Exchange   cysec.gov.cy
Commission

DENMARK - Finanstilsynet                  ftnet.dk

FRANCE - Commission des Op‚rations de     cob.fr
Bourse

GERMANY - Bundesaufsichtsamt Fr Den      bawe.de
Wertpapierhandel

GREECE - Capital Market Commission        cmc.ase.gr

GUERNSEY - Guernsey Financial Services    gfsc.guerneseyci.com
Commission

HONG KONG - Securities and Futures        hksfc.org.hk
Commission

HUNGARY - Hungarian Financial             pszaf.hu
Supervisory Authority

INDIA - Securities and Exchange Board     sebi.com
of India

IRELAND - Central Bank of Ireland         centralbank.ie

ISLE OF MAN - Isle of Man Financial       fsc.gov.im
Supervision Commission

ITALY - Commissione Nazionale per le      consob.it
Societ… e la Borsa

JAPAN - Securities and Exchange           fsa.go.jp/sesc/sesc-e
Surveillance Commission
 
JERSEY - Jersey Financial Services       jerseyfsc.org
Commission

KOREA - Financial Supervisory             fss.or.kr
Commission of Korea

MEXICO - Comision Nacional Bancaria y     cnbv.gob.mx
de Valores De Mexico

NEW ZEALAND - New Zealand Securities      sec-com.govt.nz
Commission

NETHERLANDS - Stichting Toezicht          ste.nl
Effectenverkeer

NORWAY - Kredittilsynet                   kredittilsynet.no

POLAND - Polish Securities and Exchange   kpwig.gov.pl
Commission

PORTUGAL - Commissao do Mercado de        cmvm.pt
Valores Mobili rios

SINGAPORE - Monetary Authority of         mas.gov.sg
Singapore

SPAIN - Comisi˘n Nacional del Mercado     cnmv.es
de Valores

SWEDEN - Finansinspektionen               fi.se

SWITZERLAND - Swiss Federal Banking       sfbc.admin.ch
Commission

UNITED KINGDOM - Financial Services       fsa.gov.uk
Authority

UNITED STATES - Commodity Futures         cftc.gov
Trading Commission

UNITED STATES - National Futures          nfa.futures.org
Association

UNITED STATES - Securities and Exchange   sec.gov
Commission
                               
     Many of the above listed IOSCO members will announce
     separately the results of their participation in the
     International Internet Surf Day.  You can contact 
     the members directly for further information.