With Acrobat one can lock the file so that it is for web viewing only, and although you could print from screen grabs it at least is a discouragement.
I think what sparky is really asking is if the actual file can be locked. If I sent a file to someone who had VW and told them to use the viewer, they could still open the file in VW and take stuff out.
I know that if I send a file to someone with say, a truss in it, and they don't have spotlight, then the truss appears but isn't editable in the IOP. It would be great to be able to do AT LEAST that with my custom made objects. As of right now, I have two versions of my files: one that is in house and the other that is outgoing. In the outgoing file I remove all my textures, custom scripts, unused items, etc. so that I'm not sharing all of my hard work with the world.