Taking Stock Scams Off-Line

The SEC's new CyberForce goes after capers like the one run by Georgetown law students

Tell your idiot subscribers about how great the stock is, and, like sheep, they will run out and buy it," riffed the message. "Dump the shares you bought...[on] all of these suckers...watch the stock steadily tank...and laugh all the way to the bank."

It sounds like dialogue from Boiler Room, the new film featuring Ben Affleck as a Gen X stock-scam artist. But according to the feds, the scene is a real-life drama that threatens the 10 million investors expected to have online brokerage accounts by year's end and the millions more who use the Web to make investing decisions.

The...

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