| Show ' 1444 "'gu-ti-! -- ecro7 1 2F The Salt Lake Tribune Sunday September SEC to Up the Ante in Its War : Against Pe By Knight-Ridde- It's ' hurry-u- James Russell r p of penny stocks They have until Jan 1 to rope in the suckers who bite on their promises of big profits in little stocks That's the day when the Securities and Exchange Commission's new regulations governing such transactions take effect For months now the SEC working with the National Association of Securities Dealers and with state and local authorities have been cracking down on the fraudulent dealers in penny stocks and trying to alert the public to the potential dangers of such investments While many of the e boiler rooms have been busted others still are active It's hard to dislodge these people Their payoffs are enormous But the new rules are designed to make it tougher for the bad guys to do their dirty work How do you know the good guys from the bad? Your helpful government agency the SEC has some suggestions — Watch for promises of quick profits such as "We have an investment target of 20 percent to 25 percent appreciation in a one to three-mont- h time frame This stock will double very quickly" — Watch for claims of "inside information such as "This company is a target for a merger with a high-tec- h group and its president told one of our brokers that the deal is set for next month" — Watch for claims that broker commissions are very sparse such as "I'm making almost nothing on a dollar paid is basically this deal a dollar invested" — Watch for pressure to make a quick decision such as "This corn-pa- t y is so new we don't have anything on its history or formation but you don't need that and you must act quickly or miss out on a great oppor- " ) 0-- ! 2 11 n 0y :Kfl' ''''''''''- -' iiSitti:f4:::::'''''':': - sgitYit: : 4' - ' '' 401t1i:4 801irk W iM: '::iiii - - :: ' ' --- visit - - §0a02444!:-:--- - -- I:- 34 7 - -- '''' '" L: — v 40fr'''' - z '''' g"ie 42r"4f Vi:-e:- sA':":!!-::- —:4ti '''' - 16 V" ' g- 4 — 't t4or'-- : ':41(014-A- 500243 : t :- Aiefiftii e ?:f r 1 ki - i z A:‘i 740 —Associated Press lasetphoto Donald's pizza experiment partly because the company has a history of menu innovations to lure new customers during slack hours "Their main day business is lunch and breakfast is pretty successful" said Robert Bernstein who follows McDonald's for Edward D Jones & Co a St Louis d based investment company "Their evenings aren't as ME 'MN k'"11'i Ix ' '' z liti41z24:':'': 14 '" 1114V c " '' i aft ' ''' '' ''''':''::li '' l' N ' ' - 4'3'1- fl &I 4 'IC h t i"' tz t 7 ti L t1‘ — t''-- ' 44' 'gtPP A s'"1404' i k : e ' : ' 41C746 0"" i N 141- 1i A'S : - - '''''-- : 10 ' 1r tr A J 1 ''1::iiller i A 1‘:74': '''::':''A o- - A(4 t tre::az:1 '1tAr P ''i: A'' ' '1''' 'i 1 4 7 )0 $45A ' 74 :'''t A 'N colto ' t' Aiv ill!-- ' ' -'' t : 4 1 ti t 4t7'-- 'N i '' If 4 :1 i t P I r 1' ! 1 it JP V r : 4 4 ? - :4:'- 0 7itj - ik :1 ' ': '''1 A : 1411' - - i - EFFECTIVE ANNUAL YIELD certificate S1000 minimum deposit 872ci APR compounded Penalty tor early Ivithdrawal Rates subject to change N'ith011t notice re" At tZt'''fA4:x417 la ' '' :: ' Sixteen convenient locations to serve you Please call the office nearest you for more information All accounts Federally insured to $100000 by the NCUA—an agency of the Federal Government 00114IN WASOHNOTON 1 '' 2ostMsshngtoi - i40 zo ' d °Ma 21 tith PPM 21 4 itY UNION PAIN °MCI WWI ( eFl!er PII010 ORIN NORTH S' ORM - !!' ' :1 ort so RKIMILD lam 1try! th 11014TH IAST OFFICI 2:t L44"1' J: CITY - f tl ''!''ht-TS- — I '1' : c' -1 '4 : "' ' I 0 - t all IP : : 44y- 1'''N '''''' Now a junior majoring in accounting Stacy Lufkin says that making the decision to attend Vestminster College rather than going (WI of state was easy—especially Then the holarships she receives at Westminster pay met' halt old VPACS WI S( 61)1 pHint avera4e (it L mr atittimatH alty quality imr vedr with 31) $17)(11) per year Anti all Stai v has to 0111C1 1'' ''' ' - '''''' ' : : ') Fr i 8 - " --f 7'7n'- - -- A4 to keep receiving that money is maintain a 10 as a kVestminster student What can Westminster College offer von'? Call us at 488-4280 WESTMINSTER ELv!:ra31 iL OF SALT LAKE iaaa CO' OP( 14 iii $T -- 4 11 vIlter Cf0A1 OPPKII N 011(1 11111 t SANDY OFFICS 4 PAIDVAll likc Met ozen the place ttt WIST FAUST OfFICI tt AteAt Io1 - L 4 : '' At -- utethly-- k1:7:: 1: 1 - : 10111611 OPTICS '1 i :7:i51 S' 'is — Treatinx t1 ‘1 !LI '' I NIOUNTAIN MIERICA : 2t2' SIMONS SOUTH OFFICI Ito 'outh 2111' IFast velc 4 2 MODWOOD 4 &elk 4i-- ' 18V101111 SOUTH OFFICI 2: 1110UOMPUI OPPICS '11C t 4ENtluth k: 1Z t4Is 0001N couorniv HILLS :2'01 ast ( ountr JlkI Oar"' 42 :::: - 'tro — ' — ' ) 1 P ( - FIRIMIFAIRM11501PMMIMPleeN 4 t t quarterly ii ' y : 01) 4 a 4 4-' eito- : ' J ' ir‘ g"1- 4r 47w:7k: ' k - ' A' 'if 4 i:'1::V''': I:Y '' '"4 ''i444betA va 0 i Deposit -- ' 1 '"! -i' '4::1 ty "4( 4h: :!) ''':: A k I 4:teSTi°::744 VO 4 ta '1 d' ii :s 't 4"i) omele' 44 '' ' 0 '':::z '1-:'- ii 1'' 1" li 447 $ de:s''''''' '''''''''7' :::::''':1:-- ' ''it l1:4 c4's '1 ':'!''''': ' i''' 64 'IR t i'fii'4'i'A 4 itt rJ —mmper littili ''''Niii li 4' A!'irP :Itt:‘ 16iiH' 1 ler wedlOwerwoewnneveywmpw-ctremt- p ' i : t' s1 " 1 You may write to Percy Ross cio (The Salt Lake Tribune) PO Box 35000 Minneapolis Minn 55435 Include a telephone number it you wish All letters sent to Mr Ross are read Only a few are answered in this column although others may be acknowledged privately 0 1989 PERCY ROSS Distributed by Creators Syndicate Inc k7111111101 : ' 1 II '''7 ' 711- - ' 4 00E4 'Ittca St1'" ' I - :::41r 1 Ross Dear Miss Webber: My problem is I would love to have a baby I am 19 years old and have not had a menstrual period since the age of 13 The reason I'm writing is I have no money or insurance to go to a doctor and I want to know if Mr Ross could pay for artificial insemination I cannot get any help from the state unless I HAVE a baby or am over 65 I'm at the point of giving up because of my medical problems If Mr Ross can't help me I'll never know the joys of motherhood — Miss 113 Huntington WV Dear Miss B: Childbearing isn't a woman's unalienable right it's a gift from our creator I for one never got the "gift" so it's difficult for me to be sympathetic to your request However it sounds as though your true need is for medical attention so a check is in the mail for your initial consultation with a medical doctor Dear Miss Webber: I don't know if Mr Ross got to read my first letter so I'm taking a chance on writing you Um a grandma who gets a very small Social Security check I get food stamps or I would never make it I don't worowFro cz 7- have any social life so I do a lot of reading and watching my TV — praying that nothing happens to it New glasses are what I need The ones I have now are 12 year old and it is getting harder and harder to me to see out of them I pray you will talk Mr Ross into helping me Please don't put my name in the paper — I don't want anyone to know I'm begging — Mrs DA Greensburg Penn Dear Mrs A: Is it because you've written twice that you feel you're begging? I certainly don't feel that way in fact I think you're pretty sharp to figure out that in writing me you're halfway there In addition you're deserving so your request is in the bag Mr Ross' instructions before leaving town were: "Miss Webber when you get a modest request where the person could have asked for much more remember the baker's dozen" In other words his check is on the way for new glasses plus a little extra grocery money Best wishes from both of us crowded" Bernstein said "Let's say it's not as strong as they would like it Chicken and burgers are Pizza food finger food is sit down and enjoy the evening meal They think that could improve their overall business" Percy -- rolcrlitre assume the same Your attitude is as thoughtless as inviting someone to swim with the sharks Eventually we all must pay dues for our behavior I wonder what consequences you folks are going to pay for being so pigheaded and 45 I k ' assume just because you trust "Fido" won't attack the rest of us 4 Alicia Lachowecki samples McDonald's pizza during a work break Test pizza Is sold at stores in Indiana and Kentucky Fast-fooindustry analysts said they weren't surprised by the Mc 9 -- -- 57 - r -- I 2NOP AR 0 URID0 V f:J:''' 11rt-- 4-- 1' g1- '' 1 4''': 'et f riiii4":? " ' years" — '04 - ' :IroOk - iro'' in Oak P ''-- V-:-- J:-- ' 0:44 Ms Capatosto said pizzas aren't sold until late afternoon because market research indicates pizza is eaten by families or couples usually at dinner time She declined to explain why the product was being introduced now "We tested salads for 12 years before we rolled them out nationally last year" M Capatosto said "We tested Mc Nuggets for two Ccrer 4111:gt e': 4PF4"4--Ni iOW- '''' 7:::(:Jrt 4v:imgE:-- spokeswoman at McDonald's 0 It 44s A: PIZZA McDonald's won't say how sales going and the company hasn't decided whether the pizzas will earn a permanent place on the menu "It's very preliminary testing at this point" said Terri Capatosto a ARRE9 : g 1::L-- '0: I - x::!Kr::mi s :A:::4' 1::' 4' A1 :'4 ' '' - 12 - HAM B ' ' ' ' Vo U CAMJ7 W:: 0 () 4 te4: pm illityNgEN "0i44 t: t :'f54' are iiiilillii ': ek "At- :4 g headquarters Corp's Brook ''- 4 1 Dear Miss Webber: I have two children ages 2 and 3 who can't go outside in our backyard to play The reason is that my next door neighbor lets his German shepherd run around loose When this happens I have to bring the kids inside for fear the dog will attack I've talked to this guy about both of us going half and half to put up a fence He just laughs and says there is no need for a fence because he's sure the dog will not attack Sorry but I don't possess the same power of being able to read a dog's mind I'm asking if Mr Ross would consider going in with me to purchase a fence so my kids can once again enjoy the outdoors After getting several estimates I found the most reasonable one to be $600 Remember I'm only asking for half — Mr KW Paterson NJ Dear M W: You have no idea how thrilled Mr Ross gets when he receives a request that invites joint participation as opposed to asking him to go the entire mile alone It seems contradictory to say he likes to save money when he's known for giving the green stuff away However he has repeatedly shown me that the more he saves the more he can give Ile's trying to touch as many lives as he can As for touching the lives of your family $300 is on the way provided you place a copy of this column in your neighbor's mailbox I've got a bone to pick with him To All Rude Dog Owners: I'd like to line up all of you who let your dogs run loose and give you each a rap on the nose Take heed: There is no'hMg so rude and inconsiderate ag to :: 7) -- 40 ' if r problems has developed many Ideas about people and wealth during his colorful career ond wants to share both his ideas and money before he dies 7 f1: quick-cookin- Those warnings are taken directly from the SEC's latest information circular on penny-stoc- k fraud All of the quoted statements are typical sales pitches used by the purveyors of penny stocks which are investment securities that usually sell for less than $1 a share "Penny stocks may provide investors with genuine investment opportunities" Ithe SEC said "But be aware that many penny stocks are the subject of fraudulent manipulative and abusive sales practices" Beginning in 1990 brokers must get written purchase agreements from new customers before completing their first two transactions in stocks that aren't traded on major exchanges or through the NASDAQ system They must get information from the customer about his or her income and investment objectives The broker also must determine 4' ' ' h 4 1 ' f Associated Press Writer EVANSVILLE Ind — McDonald's has flipped billions of burgers and tossed chef salads for the masses but now it's toying with palates in a move aimed at giving Pizza Hut and Domino's pepperoni heartburn The latest addition to McDonald's menu is a pizza served as an experiment in a few test markets Its designed to woo fqtrilies and couples who might not normally frequent the fast-foo- d giant for supper g So far the pizza made of crust and fresh toppings seems to be getting good reviews partly because its ready in a few minutes faster than fastest Pizza Hut or Domino's pizza car The experiment began July 10 at a McDonald's in Evansville Now 16 stores in Evansville and nearby Owensboro Ky are serving McDonald's Pizzas daily after tunity" f ea Note to readers: While Percy Ross is on vacation his editor Nancy Webber is filling in tor him Editor's note: Percy Ross is a Minneapolis millionaire known internationally tor his philanthropic activities His trademark is the silver dollar and he once tossed out 16500 of them along a parade route Ross who also likes to inspire others to help solve carrier VA V By Debbie Newby i 11 k Shoots for Piece of Pie pizza-cravin- Tribune Washington Bureau WASHINGTON — The Interstate Commerce Commission has signed "consent agreements" with 25 companies including two in Utah due to their failure to have "evidence of necessary and required insurance coverage" on file American Silverwing Trucking Fork and KamkoTransportation Inc Blanding both motor contract carriers were cited Others cited in the West for inadequate levels of insurance coverage on file with the commission were Polacek Transport Tucson a motor common carrier Free Spirit Trucking Co Denver a motor contract carrier and RX 2 Trucking Inc Peshastin Wash also a motor contract more on the transaction" Another trait of the business is that its easy to buy the stocks but difficult to sell them crooks have more The penny-stocthan four months to rope in unwary suckers before they face th tightened federal regulations The SEC points out that it's easy to avoid becoming a victim "Use the same diligence in buying a penny stock that you would use in buying a car or a major household appliance" the SEC's information paper urges "If you are subject to undue sales pressure during an unsolicited call — hang up!" Mc Donald's high-pressur- Gift of Half a Fence Helps To Rebuild Family Life Insurance Rule Crooks imy-Stoc- k whether the sale suits the customer's needs and put that determination in writing — so regulators can see it That should help curb the uninvited phone calls from strangers hawking those phony "you can't lose" deals The only one who "can't lose" is the sales rep making the call SEC files bulge with sad stories of victims who lost heavily by succumbing to the callers' fanciful tales "Some of them have made as much as $20000 to $50000 a month in A commissions" the SEC said " customer may pay $2500 for a penny stock without knowing that the broker may keep up to $1250 or Newspapers time for the peddlers I - 2 Utah Firms Cited Thanks a Million As Failing ICC 3 1989 r7qWWWWWoowgf19EMtottgffeamewwwttigfN1W1wfFEffm II LEGE |
