SO PUBLIC COMPANIES DON'T NEED TO KNOW THE RULES! WRONG! Public companies have a fiduciary obligation to the shareholders to know and understand the governing regulations!
If someone were interested in spending the money to pursue it, TAUG's error in not identifying the Cowan independence violation, is grounds for a shareholder civil action! The oversight was a breach of the BOD's fiduciary responsibility to investors! In US courts "IGNORANCE", i.e. being oblivious to the regulations, is NOT a legitimate defense!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.