U.S. SEC to develop journalist subpoenas policy

Reader post by: Anthony Ryals
Posted on: marzo 2, 2006, 8:25 PM PST

Story: Document shows Yahoo bowed to China, group claims NEWS.COM

Now the U.S. Securities Exchange Commission's Chairman Christopher Cox goes from backing off on the SEC attorney subpeonas scandal for business journalists to claiming SEC attorneys can indeed subpeona journalists without consulting him or senior SEC officials it appears !

Particularly bizar is a quote from Mr.Cox taken from Reuters,"There are people masquerading as journalists who really aren't. That's a concern," he said.

He said the guidelines would concern only the news media and no one else.

Cox said he believes that, after the policy is adopted, issuance of SEC subpoenas to journalists "will continue to be exceedingly rare."

What is strange is who would be reporting at a legit 'news media' who would be 'masquerading' as a journalist ? Well some of us remember White House journalist James Dale Guckert or whatever his real name was but I don't believe his news agency was legit so by Mr.Cox's definition that would let him off the hook.

All of this is in reponse to and a knee jerk reaction to Overstock.com 's Patrick Byrne who claims he is being attacked and 'naked shorted' by WSJ journalists Carol Remond and Herb Greenberg who are in the employ of a 'Sith Lord' as far as I can tell! I do admit I am confused.
But then again I'm not a professional anything, just a defrauded investor.

Also Mr.Byrne is indeed surrounded on all sides by con artists and petty penny stock con artists who do indeed often pose or pretend to be legit reporters but I personally do not consider Gayle Essary's FinancialWire to be a legit news service so by Mr.Cox's phrasing of it they would not be bothered because they are not a legit news outlet ?

Or David Patch's investigatethesec.com that touts Overstock.com as a victim of 'naked shorting' ? It's not a legit news source or agency and only touts Overstock.com and other
sleezy penny stocks as victims of 'naked short selling' as well.Or ncans.net and its death threat promoter the anonymous 'Bob O'Brien' sponsored by Patrick Byrne to tout myriad penny stocks as well as his own Overstock.com.Or what about James Dale Davidson's own Agora Inc. that touts penny stocks and has Beltway connections and virtually lobbeys our Congress ? Will all those cyrfraud and mail fraud scams be ignored by Mr.Cox BECAUSE they are not legitimate business news sources so their frauds can be ignored ?

Just what is Mr.Cox saying ? Does he know ?
So will only Wall Street and Barrons and other long established business journals qualify for subpeonas from the SEC while known frauds be ignored as usual because they are 'amateur' ?

On the other hand what about me who posts about my personal experience with stock frauds that the SEC ignores and in some cases appears to aid and abet ? Would I be singled out for revenge from an SEC that doesn't want fraud they either turn their backs on or possibly aid and abet be singled out because I am not a professional reporter and thus qualify under Mr.Cox's definition to be subpeonaed ?

And another thought I have about the Reuters
quote of Mr.Christopher Cox is that he doesn't even specify 'business reporters'.Ha.Does this mean Mr.Cox is creating a new bureaucratic extention of the SEC to subpeona any reporter say environmental or war or political or police reporter etc. that the SEC deems is not behaving in a'professional' manner ?

I leave the quote above and corresponding link below to the complete Reuters article for you to contemplate and decide or perhaps give him a call and get the 'skinny' for yourselves.But be warned you better be the right type of reporter journalist or news agency when you ask him the question or you may find yourswelf on the receiving end of this new fangled SEC subpeona whatever it is.Duh.

UPDATE 2-U.S. SEC to develop journalist subpoenas policy
Thu Mar 2, 2006 6:50 PM ET
(Adds Cox comments, background, byline)

By Kevin Drawbaugh

yahoo.reuters.com/stocks/QuoteCompanyNewsArticle.aspx

Tony Ryals

Schwab:SF SEC Uses McCarthy tactics to protect right wing stock fraud

www.sbindymedia.org/newswire/display/3190/index.php

SEC Covers Up UAE Money Laundering with U.S. Stocks

arizona.indymedia.org/news/2006/03/37472.php



I got this from ex Congressman Tom McMillen
who was also a pro basketball player and Rhodes scholar like Bill Clinton and his nemesis James Dale Davidson yesterday.He was responding to my indymedia article,'Terrorbaggers' that can be found on google search as well as in readers comments to, 'Senators press for details of NSA spying'By Declan McCullagh,Staff Writer,CNET News.com,Published: February 28, 2006.Funny I never said Mr.McMillen sold any Nannaco shares,
I was just poking fun at him and his fellow Rhodes scholar James Dale Davidson's connection to it and Amenni and the connection to Dubai.I did also wrote an indymedia post yesterday titled,'SEC Covers Up UAE Money Laundering with U.S. Stocks',still not googleable yet.

www.utah.indymedia.org/news/2006/03/13235.php

Also this one that's beginning to appear:

'Utah Senator Bob Bennett,Overtock.con's Patrick Byrne,Tangled Up in Striptease Stock Scam',Steve Wark and Bud Burrell are mentioned.Yeah I'm amateur hour but as I've come to understand the fraud I try to get it out on Google cause anything hidden in WSJ or any other professional news outlet or not written by them at all anyway will certainly not help anyone who has been defrauded and the Securities Exchange Commission seems determined to do nothing.:

utah.indymedia.org/news/2006/02/13204.php







From: "Tom McMillen" <tmcmillen-AT-fortressamerica.net> [Save Address]
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Date: Wed, 1 Mar 2006 15:41:57 -0500

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Please don’t let your writing get in the way of the truth:


GDC never completed a deal with Nannaco..We backed away. Negotiations
were canceled after due dilligence
I never sold a single share of stock…I left the GDC to pursue other
opportunities

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D.C.Terrorbaggers:James Dale Davidson,Don Nickles, ex-CIA Chief Woolsey,Asa Hutchinson,Tom McMillen

okimc.org/newswire.php