From: Dr. John Bohte
To whom it may concern:
I am strongly in favor of the proposed rule to place restrictions on the trading of stocks promoted via spam e-mails. I routinely receive about a dozen of these e-mails per week. While I'm smart enough to know that these promotions are scams, I often check the stock quotes of the stocks being promoted through these e-mails. The prices of these securities typically spike during the time these e-mails are being distributed, so I can't help but think that some naive investors are getting taken advantage of by purchasing these thinly traded securities while the promoters are selling them at the same time.
I sincerely hope the SEC adopts this new rule. This will not only protect investors, but should also reduce the amount of spam e-mail people receive.
Dr. John Bohte