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28th June 2001 | |
The Second International Internet Surf Day |
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Forty-one securities regulators from 34 countries, including the Securities & Exchange Surveillance Commission, simultaneously identified illegal securities activities on the Internet. In total, approximately 27,000 websites were surveyed by the participating regulators, and amongst them, about 2,400 websites have been reported to the IOSCO for follow-up review. Compared with the First Internet Surf Day in 2000, the number of participating regulators was significantly increased from 21 up to 41 for the Second Surf Day. Moreover, those participating regulators actively exchanged cross-border-related information with one another on the very Surf Day or the following couple of days.
Such an international initiative as Internet Surf Day is a
effective means to survey cross-border illegal securities transactions.
(1)Solicitating to investment on non-public stocks, IPO stocks
or overseas stocks, in most cases with the implication of
a future's rise in stock prices (2)Advertising high-yield financial products, including offshore
funds (3)Spreading groundless rumours about specific stocks (4)Unregistered securities business
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