On Mon, 15 Jul 1996, Timothy C. May wrote:
that could be regarded as the ultimate capitalist market-- something that eliminates all "unnecessary" middlemen. I suspect the stock exchanges of the future will *not* be regulated because they *cannot* be. it will be a matter of buyers and sellers choosing the systems that best suit them regardless of what governments feel is appropriate, fair, or whatever. I emphatically agree! There is little need for regulation in this new environment, and "reputations matter." And regulation is becoming
At 5:48 PM 7/15/96, L. Detweiler wrote: problematic. (To cite one example. Some are calling for registration and regulation of "investment advice," which is largely unregulated in the U.S. today. That is, I can self-publish a newsletter, "Tim's Stock Picks," and the First Amendment says this can't be restricted (Caveat: But I can't sell "Tim's Legal Advice," "Tim's Earthquake Safety Advice," or "Tim's Medical Advice" to clients...go figure). Some want investment newsletter writers "held
While IANAL, and I don't know for sure about "Tim's Legal Advice", there is NOLO press, I don't think they are lawyers. I don't understand why you couldn't print "Tim's Earthquake Saftey Advice" as long as the advice wasn't totally erroneous. As to the last, you most certainly _can_ publish "Tim's Health Advise, or Tim's Homeopathic Newsletter and give essentially medical advise. The non-crypto snake oil business is a big as ever in the US. Petro, Christopher C. petro@suba.com <prefered for any non-list stuff> snow@smoke.suba.com