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2,400 follow-ups from IOSCO International Internet Surf Day

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29 Jun 2001

The SEC and 37 of its IOSCO counterparts conducted a second International Internet Surf Day in an ongoing effort by securities regulators to detect and deter securities violations occurring on the Internet, particularly those involving cross-border activity.

Approximately 300 staff of IOSCO members surfed the Internet for fraudulent solicitation of investors, manipulation, the circulation of false or misleading information, and insider trading. Regulatory authorities collectively identified over 2,400 sites for follow-up review, with over 278 of the sites involving cross-border activity. IASB recently decided not to pursue the IASC Project on Business Reporting on the Internet. Click for SEC Press Release (PDF 9k).


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