Your Money: Aug. 2, 1999

NO FREE RIDE The SEC recently forced several companies to yank bogus online offerings of "free" stock. The catch? The issuers were trying to bring traffic to their websites and get valuable personal information from the recipients. said its free stock was worth $38.40 a share, which beats the company's gross revenues of $26. Likewise, American Space Corp. distributed shares, although it had no offices, employees or contracts. The investing lesson? Free could equal worthless.

INHERITED IRAS The IRS seems to agree with fund companies that allow inherited IRAs to pass on after you do. In a...

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