Whereas, this information is available to US investors

The UK authorities have very little offer British citizens. The London Stock Exchange site (www.londonstockex.co.uk) simply invites visitors to Internet share dealing companies. Its not that UK organisations are all innocent.

World Investment Network Ltd. looks like a typical financial Web site. It shows email addresses, telephone and fax numbers, a Palo Alto office. It has on-line links to the Federal Reserve, J.P. Morgan, the New York Stock Exchange. An investor surfing
the site last year would have found an investment offer called "The Winsell $35K Lease $1 Million Program." This "non-risk" and "high-yield" program guaranteed an astounding 40 percent return every 15 days, according to the Web site. An initial
$35,000 stake would make $3 million in one year, the site claimed.

Suspecting fraud, the U.S. Securities and Exchange Commission launched an investigation last year into the World Investment Network and its 61-year-old president, Theodore O. Pollard. In May, Pollard was arrested for ignoring two SEC subpoenas.

Much of the evidence about share scams is for companies with small capitalisation. One big UK company has been hit quite hard and yet another saw an interesting rise in price after Internet gossip in mid 1999.

Managing comment and surprise events emerging via the Internet is important for investor relations managers and its not all from gossip on newsgroups and chat. Analysis now expose much more of their information on Web sites and the ability to collect and collate corporate information from the Internet is significant. At the beginning of 1999 there were no UK investment chat sites and the handful of newsgroups were uninspiring. In less than six months, the scene had changed entirely.

The ability to identify, sift, and assimilate financial information on the Internet is passing through a phase of remarkable development. In addition this capability allows investors to act very fast.

Article Series

This article is part 36 of a 37 part series. Other articles in this series are shown below:
  1. The Internet Influence
  2. Reputation
  3. The Internet Society
  4. How People Use The Internet
  5. The Opinion Formers
  6. A Stakerholder Society
  7. Its Fast
  8. Technology For The People
  9. A Reputation For Responding
  10. Newsgroups, Chat and Cybercast
  11. The Nature of Newsgroups
  12. Chat Overtaking Newsgroups
  13. Cybercasting
  14. The Internet Communities
  15. Neighbourghood Communities
  16. Company Communities
  17. Community Currency
  18. The Effect Of Virutal Communities On The Bottom Line
  19. Political Communities
  20. Cyber Marketers
  21. Global Branding
  22. Accessibility
  23. Cyberbrand Outreach Accessibility
  24. Information
  25. Interactivity
  26. Brand Performance
  27. Online PR
  28. Sponsorship Marketing
  29. Brand Attacks
  30. Cyber Counterfit Sales
  31. Internal Communications
  32. Cyberstalkers
  33. Protection from Cyberstalkers
  34. Investor Relations
  35. Share Scams
  36. Protecting Investors
  37. The Investor Sites
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