Why is SeekingAlpha giving penny stock promoters a soapbox?

January 16th, 2008 | Category: Scandals, Internet

I’m a big fan of SeekingAlpha. I think it provides readers with a great source of investment thought from some of the top minds in the commerce in a great format — at no cost.

That’s why I was greatly disappointed to see that the site is providing a venue for Beacon fairness Research, a stock promoter that issues “analyst reports” in exchange for cash and/or stock from the company or third parties.

A piece called Solar stocks stay strong despite new energy bill mentions little-known microcaps SES Solar (OTC BB: SESI), Solar Power (OTC

BB: SOPW), and BioSolar (OTC BB: BSRC) (which our own Kevin Kelly has warned about here). These stocks were introduced with that wonderfully eloquent lead: “A number of small cap companies are poised to benefit from latest industry developments”.

Following the “article”, we get a disclosure that is very familiar to those of us who follow penny stock promotions:

Continue reading Why is SeekingAlpha giving penny stock promoters a soapbox?

Original post by Zac Bissonnette

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