It appears you have not yet registered with our community. To register please click here...

DNforum.com - Domain Sales, Domain Forum, Domain Appraisals
 
Register Now!
Register Now for FREE!
Our records show you have not yet registered to our forums. To sign up for your FREE account INSTANTLY fill out the form below!

Username: Password: Confirm Password: E-Mail: Confirm E-Mail:  
Birthday:       I agree to forum rules 

Go Back   DNForum - Domain Sales, Domain Forum, Domain Appraisals, Domain Registrars > Domain News, Beginners Guides and Legal Stuff! > Domain News
Reply
 
LinkBack Thread Tools Display Modes
Old 10-25-2007, 02:30 PM   #1 (permalink)
Platinum Lifetime Member
 
Last Online: 08-24-2008 12:07 AM
iTrader: (1)
Join Date: Sep 2007
Posts: 11
DNF$: 100
Location: Fullerton, CA


ICANN probing "insider trading" allegations with domain name registrations

http://arstechnica.com/news.ars/post...strations.html

By Jacqui Cheng | Published: October 24, 2007 - 02:43PM CT The Internet Corporation for Assigned Names and Numbers (ICANN) has begun an investigation (PDF) into accusations that some insiders may be using inside information to collect data and purchase unregistered domain names that get a lot of DNS lookup requests—nonexistent domains that surfers frequently try to access. ICANN refers to the practice as "domain name front running," adding that it—along with several registrars and intellectual property attorneys—has received a number of complaints from registrants suggesting that such a thing has occurred. While the organization currently has no solid evidence on the matter as of yet, it feels that an investigation is warranted in order to nip in the bud any perceptions that the domain name industry is involved in unethical activity.


ICANN's Security and Stability Advisory Committee (SSAC) likens the practice to stock and commodity front running, which occurs when a broker makes a personal stock purchase based on inside information before fulfilling a client's order. An insider to one of the popular domain registrars can see which domain names are popular with visitors, even if they are not yet registered. That person can then register the domain, knowing how much traffic it could get before the general public does, with the intent to resell it at a profit later.


While the practice is illegal when it comes to stocks and commodities, it is much more cloudy when it comes to domain names. ICANN recognizes the lack of regulation covering this area and makes it clear that a stronger set of standards needs to be established. "ICANN's Registrar Accreditation Agreement and Registry Agreements do not expressly prohibit registrars and registries from monitoring and collecting WHOIS query of domain name availability query data and either selling this information or using it directly," writes the SSAC. "In the absence of an explicit prohibition, registrars might conclude that monitoring availability checks is appropriate behavior."


The SSAC report comes just a day after news leaked that Verisign, a major root name server operator, was considering selling access to select DNS server lookup data. DomainNameNews first broke the story, saying that sources had indicated the company would provide "lookup traffic" reports on specific domains. The sources also said that pricing for the service was not known, but that it could cost up to $1 million per request.


The SSAC is now calling for public discussion of the situation in hopes of gathering more data and coming up with standardized practices on how to manage it. The committee suggests that those involved with domain name registrations "examine the existing rules to determine if the practice of domain name front running is consistent with the core values of the community." If registrants continue to find what they consider to be evidence of the practice, SSAC requests that users submit incidents to SSAC-DNFR@icann.org with as much information as possible, including specific details of domain name checks and copies of any correspondence with the believed to be engaged in domain front running.
Pay2k is offline   Reply With Quote
Sponsored Links
Old 10-30-2007, 08:55 AM   #2 (permalink)
Platinum Lifetime Member
 
dreamking's Avatar
 
Name: Andy
Last Online: Today 12:24 PM
iTrader: (133)
Join Date: Jun 2004
Posts: 2,739
DNF$: 2,350
Location: uk
Country:


it ll end up as yet another icann (iwont) whitewash - (see registerfly.com)
Icann's general policy seems to be - Make them think something's seen to be done - when in reality nothing will

just my 2 cents
__________________
UrlAcademy.com ~ Domain Blog
UrlBrokers.co.uk ~ Url Brokers
DotMeBrokers.com ~ Premium Dot ME 4 Sale
dreamking is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules

Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


All times are GMT -4. The time now is 01:39 PM.
Copyright @2001-2008 DNForum.com

Learn Domains
Promote Domains
Research Domains
Buy Domains
Resell Domains
Park Domains
Sell Domains
Build Domains
Host Domains
Trademark Domains
Domain Domains
manage Domains
Appraise Domains