>THE SEC is seeking software and network application developers and vendors
>to create the so-called "sniffer" that would monitor public areas of the
>Net. In addition to Web sites and Usenet newsgroups, other areas of
>surveillance include listservs, a software program that administers mailing
>lists, and public discussion areas. The monitoring system would be created
>"off-site" so as not to lead back to the SEC.
A friend of mine who covers scams for TheStreet.com says an SEC enforcement guy told him they search the web for the phrase "the next Microsoft" to sniff out fraudulent promotions.